The Main Difference Between a Settlement and a Preference Is

The main difference between a settlement and a preference is that

A) a settlement involves a transfer by the debtor of its property for little or no value, whereas a preference gives preferential treatment to a particular creditor.
B) a settlement involves the Bankruptcy Court, whereas a preference involves the trustee.
C) a settlement involves a payment, whereas a preference does not.
D) a settlement involves an assignment, whereas a preference only involves a proposal.
E) none of the above.