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Author Question: Identify and discuss at least three of the defenses a transferee may assert against the trustee in a ... (Read 28 times)

berenicecastro

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on: Aug 2, 2018
Identify and discuss at least three of the defenses a transferee may assert against the trustee in a voidable transfer action.
 
  What will be an ideal response?

Question 2

The discharge of debt through bankruptcy acts as a statutory ________ against any collection efforts the creditor asserts.
 
  A) Barrier
  B) Screen
  C) Injunction
  D) Execution


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pratush dev

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

There are nine possible answers here. Some correct answer choices may include:

The transfer resulted in a statutory lien such as a mechanic's lien or a tax lien. The transfer was for the payment of alimony or child support. The transfer involved a contemporaneous exchange by which the debtor received sufficient new value from the creditor in return for the exchange. This means that the debtor received something of value in exchange for money. The transfer was made during the ordinary course of business between the debtor and the creditor.

Answer to Question 2

C


berenicecastro

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Reply 2 on: Aug 2, 2018
YES! Correct, THANKS for helping me on my review

nyrave

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Reply 3 on: Yesterday
Wow, this really help

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