• 2005 Bankruptcy Reform Legislation Changes of Interest to Trade Vendors
  • October 12, 2005 | Author: Faye Knowles
  • Law Firm: Fredrikson & Byron, P.A. - Minneapolis Office
  • The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 makes significant changes to how trade vendors are treated. The new law may provide a trade vendor (1) an administrative expense claim and (2) an expanded right to reclaim goods. The revised provisions become effective for cases commenced on or after Monday, October 17, 2005.