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11-01-2018, 10:44 AM #7Karen37aGuest
Quote Originally Posted by jenk12 View Post
Attorney here. If the payments were done in the normal course of business, a regular commission payment would not be clawed back. Also, claw backs would only apply to payments made within 90 days of the bankruptcy. If I were an ISO, I wouldn't worry about it, but keep your invoices just in case to show this was an ordinary, arm's length transaction.
Ps Jenk if you are a lawyer your first reaction should be to be concerned about the fake lawyer trotting around and not clawback on isos
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