I once worked for a company that filed for bankruptcy. Any monies that vendors collected in the previous 90 days was subject to recall. Vendors got a letter similar to the one you are talking about. The reason is to prevent preferential treatment; in other words some people (perhaps 'friends' of the bankrupt company's accountants) got money before other more deserving. The money repaid to the court was lumped into a pool of money to pay off secured creditors first, and then vendors, if there was any left over. Usually there is darn little left at that point. I wonder if there might be exemptions for farmers who sold cattle.
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