Isn't this about the same thing that went on with all the people who sold corn to Vera Sun (the big ethanol producer) who went bankrupt?
As was stated above, this is to avoid people getting preferential treatment by a company that is on the way out...something like hiring the son-in-law as a consultant for a huge fee right before the bankruptcy hits.
I think there is a way around it...have to prove the transaction was in the course of "normal business" or something to that effect.
With that much $$$ involved, I think talking to an attorney familiar with bankruptcy proceedings would definitely be worth the money.
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