In the context of bankruptcy laws, an 'unfair preference' is:
A) the payment by a debtor of amounts owed to one creditor at the expense of the other creditors.
B) a payment of money by the bankrupt to a person with a close connection to the bankrupt individual (e.g.a partner, spouse or child) in the four years prior to bankruptcy.
C) any voidable transaction.
D) a transfer of property or payment to a related entity in the four years prior to bankruptcy.
Correct Answer:
Verified
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A)a
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A)receivership.
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D)winding up.
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