Basically, you’re in business and someone pays you, they go into liquidation and the liquid they want you to pay your money back. Not a good position to be in, but there’s a couple of ways that you can defend yourself against a preference claim.
Estate planning for business families is difficult. There is a raft of legal terms like
The use of a testamentary trusts for estate planning has been common practice for many
By Westcourt Blogger Personal guarantees are a standard business practice in commercial transactions, however, they