Quote Originally Posted by jenk12 View Post
A strong clawback provision in the ISO agreement should curb some of the bad behavior.


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