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The Risks Of Insider Guaranties, Douglass G. Boshkoff
The Risks Of Insider Guaranties, Douglass G. Boshkoff
Articles by Maurer Faculty
Loan payments made within a year of a bankruptcy filing could be considered avoidable preferences if the loan were guaranteed by a corporate insider. In this article, Prof Boshkoff argues that bankers should value insider guaranties only as a second source of payment, not for any subtle pressure they may exert on the borrower.