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Author Question: The purpose of the Bankruptcy Code's power to void preferences does not stem from an intention to ... (Read 26 times)

sc00by25

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on: Aug 2, 2018
The purpose of the Bankruptcy Code's power to void preferences does not stem from an intention to ________ any single creditor or the debtor.
 
  A) Punish
  B) Favor
  C) Ostracize
  D) None of these

Question 2

A transfer of assets to a third party for the purpose of preventing creditors from satisfying their claims is called a(n)
 
  A) Fraudulent conveyance
  B) Voidable preference or voidable transfer
  C) Involuntary transfer
  D) Contemporaneous exchange


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covalentbond

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Reply #1 on: Aug 2, 2018
Answer to Question 1

A

Answer to Question 2

A


sc00by25

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Reply #2 on: Aug 2, 2018
Both answers were spot on, thank you once again


covalentbond

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Reply #3 on: Aug 2, 2018
Great! Please up vote :D


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