It is in bankruptcy law, because some, knowing they are going belly-up, will pay their friends, and not other creditors, near the end. B judge can go back 90 days from date of filing, and get money back, which then goes into the asset pool, and redivided, to pay all creditors, including the new ones, who gave the money back. Worst case I"ve seen was in "94- first year combining corn for this older farmer- dried and stored at a neighbor"s business. Needed corn for his livestock, could not get his out, and still had to pay drying and storage bills, since they were assets to the bankruptcy. Pretty hard for an honest farmer with only a few years education to swallow that one. I used to store corn/beans there, but built enough bins to store at home, and that year I farmed fewer acres and had some bins empty, but they seemed cheap protection, sitting empty.
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Today's Featured Article - Harry Ferguson - The Man & The Machine Harry Ferguson was christened Henry George but every one called him Harry. Harry was born in a small Irish town called Growell in County Down about 16 miles from Belfast. Harry Ferguson led a varied and colorful childhood causing mischief where ever he could. He showed mechanical aptitude at a very early stage in life and showed no inclination towards
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