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Author Question: A voidable preference occurs when a debtor, within 2 years of filing for bankruptcy, makes a payment ... (Read 69 times)

nautica902

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on: Aug 3, 2018
A voidable preference occurs when a debtor, within 2 years of filing for bankruptcy, makes a payment or transfers property to one of his or her creditors in repayment of a debt.
 
  Indicate whether the statement is true or false

Question 2

To prove actual fraud, the evidence the trustee presents must persuade the court to find that no reasonable mind could conclude that the transfers were made for no other reason than to ________ the creditors.
 
  A) Benefit
  B) Pay
  C) Defraud
  D) None of these


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leahchrapun

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Reply #1 on: Aug 3, 2018
Answer to Question 1

FALSE

Answer to Question 2

C


nautica902

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Reply 2 on: Aug 3, 2018
Thanks for the timely response, appreciate it

bassamabas

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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