J. Roger Foster has ten years experience as an avionics technician in general, business and commercial aviation. He has worked as a contractor in the avionics and systems engineering department for an airline. His current employer is AFTA (Avionics Field Teams Associates) which provides staff engineering support for owner/operators.
Businesses face the risk that a customer will go bankrupt owing it money. What a business may not know is that it may have to pay back all the money the customer paid during the 90 days preceding the bankruptcy filing. A bankruptcy trustee will consider the payments preferential transfers. This article was written to address this situation. [Article approx. 15,000 words]
"The following incident really happened – more or less. Names have been eliminated and circumstances changed to protect any idiots involved." That is the first paragraph of two companion articles (8,700 words combined) written for anyone who has to register a 406 MHz ELT with NOAA or has a part in the process. Rev. 5 posted on July 13, 2015.