hello there, my company filed Chapter 11, i.e. severance pay 90 day prior to the debtor filing for Bankruptcy. Now the Trustee is trying to recover the transfers made to me and claiming the amount paid is “Preferential Transfers” or “Fraudulent Transfers” according to in Section 547 / Section 548 of Bankruptcy Code. I was not aware that they were filing Bankruptcy. I signed the agreement; the company gave me the wages in exchange. Hope you can help with some of my question? like if the Agreement is between the Company and me, does the Trustee also have to abide by the term and condition of Severance Agreement and what defense is applicable for avoidance? my rights as creditor? also does Section 547 or Section 548 of Bankruptcy Codes applies to my case? plz help me!
Thank you for your time.