TY - JOUR T1 - Bankruptcy Reform and the Law of Preferences JF - The Journal of Private Equity SP - 77 LP - 85 DO - 10.3905/jpe.2006.628334 VL - 9 IS - 2 AU - W. Steven Bryant Y1 - 2006/02/28 UR - https://pm-research.com/content/9/2/77.abstract N2 - The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 represents the most significant modification to the U.S. Bankruptcy Code since its enactment in 1978. This article outlines the amendments in the act that affect the law of preferences and evaluates both the scope and the significance of these changes. In the author's view, the Reform Act's amendments constitute a significant improvement over the prereform status quo. They more closely align the policy goals of the preference statute with its practical application and should empower creditors to resist abusive preference actions more effectively.TOPICS: Private equity, financial crises and financial market history ER -