Changes

A '''preferential transfer''' is a transfer of money (or property) by someone in the period just prior to going into [[bankruptcy]].  By law those transfers can then be undone or rescinded, and the money retrieved from the recipient, after the debtor goes into bankruptcy.

A '''preferential transfer''' is a transfer of money (or property) by someone in the period just prior to going into [[bankruptcy]].  By law those transfers can then be undone or rescinded, and the money retrieved from the recipient, after the debtor goes into bankruptcy.

[[Federal]] law<ref> 11 U.S.C. § 547(b).</ref> defines as '''preferential transfer''' as "any transfer of an interest of the debtor in property --

[[Federal]] law<ref>11 U.S.C. § 547(b).</ref> defines as '''preferential transfer''' as "any transfer of an interest of the debtor in property --

"(1) to or for the benefit of a creditor;

"(1) to or for the benefit of a creditor;

*[[Bankruptcy code]]

*[[Bankruptcy code]]

[[category:bankruptcy]]

[[Category:Bankruptcy]]

[[category:Bankruptcy Law]]

[[Category:Bankruptcy Law]]