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Preferential transfer (view source)
Revision as of 19:12, January 22, 2012
, 19:12, January 22, 2012see also
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 By law those transfers can then be undone or rescinded, and the money retrieved from the recipient, after the debtor goes into [[bankruptcy]].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 By law those transfers can then be undone or rescinded, and the money retrieved from the recipient, after the debtor goes into bankruptcy.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 --
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==See also==
*[[Bankruptcy code]]
[[category:bankruptcy]]
[[category:bankruptcy]]
[[category:Bankruptcy Law]]
[[category:Bankruptcy Law]]