In the context of bankruptcy law, 'voidable transactions' include:
A) free or less than market value property transfers to non-related entities in the two years prior to bankruptcy.
B) all transfers of property made in the five years prior to the bankruptcy if the transferee is unable to prove that the bankrupt was insolvent at the time.
C) transfers of property made to relatives or friends for consideration less than market value within the four years prior to bankruptcy.
D) transfers of property that were made when the bankrupt was solvent that have the effect of giving a creditor an unfair preference.
Correct Answer:
Verified
Q1: Receivership:
A)involves winding up a company.
B)indicates that the
Q2: A 'debtor's petition' is:
A)an application by an
Q3: Lodging a declaration of intention to present
Q4: To qualify to make a creditor's petition,
Q6: After a sequestration order has been made
Q7: The bankruptcy process is initiated by means
Q8: A 'sequestration order' is an order of
Q9: The Official Receiver of a bankruptcy district
Q10: Which of the following documents need not
Q11: A 'bankruptcy notice' is:
A)an order of the
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