This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Distinguish voidable preferences from fraudulent transfers. Describe some of the ways the trustee ... (Read 80 times)

dejastew

  • Hero Member
  • *****
  • Posts: 562
on: Aug 3, 2018
Distinguish voidable preferences from fraudulent transfers. Describe some of the ways the trustee makes the determination whether a transfer the debtor made was fraudulent or if the debtor is culpable for preferring one creditor over another. Use examples to illustrate your points. Why are these types of transfers voidable?
 
  What will be an ideal response?

Question 2

A(n) ________ occurs when the debtor transfers assets to a creditor prior to filing for bankruptcy.
 
  Fill in the blank(s) with correct word


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

aadams68

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Aug 3, 2018
Answer to Question 1

The student should discuss voidable preferences in the context of the debtor paying one creditor (favoring) over another and give examples. Student should discuss fraudulent conveyances in the context of suspicious transfers of property by the debtor a year or two (depending on whether actual fraud or constructive fraud is evident) prior to filing bankruptcy. Student should discuss the inequity suffered by creditors if these types of transfers are allowed. The Bankruptcy Code seeks fair treatment of creditors and debtors alike.

Answer to Question 2

voidable preference


dejastew

  • Member
  • Posts: 562
Reply 2 on: Aug 3, 2018
:D TYSM

raenoj

  • Member
  • Posts: 340
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Different ways that gated channels can be opened. Different ways that gated channels can be opened.
Three ways that factors affect mortality in response to changes in population density. Three ways that factors affect mortality in response to changes in population density.
While most people resist labels of deviance, some embrace them. In what different ways do these ... While most people resist labels of deviance, some embrace them. In what different ways do these ...
Oligosaccharides and proteins can be linked to form glycoproteins in two ways Oligosaccharides and proteins can be linked to form glycoproteins in two ways
There are many ways for an individual to monitor his or her blood glucose level There are many ways for an individual to monitor his or her blood glucose level
Two ways of generating genetic variation in meiosis Two ways of generating genetic variation in meiosis
Video: Phases of the Female Reproductive Cycle - Hormonal regulation

For a complete list of videos, visit our video library