Assuming Mindy's mother received more than would have been received through bankruptcy proceedings,which of the following is the most likely result of a claim of preferential payment based upon the payment to the mother?
A) The payment was not preferential because it was made over 90 days before the filing of the bankruptcy petition.
B) The payment was not preferential because it was made over 120 days before the filing of the bankruptcy petition.
C) The payment was not preferential because it was made over 180 days before the filing of the bankruptcy petition.
D) The payment was preferential because it was made to a family member and made within two years of the filing of the bankruptcy petition unless Mindy can establish that she was not insolvent when she made the payment.
E) The payment was preferential on the basis that it was made to a family member within two years of the filing of the bankruptcy petition only if the trustee is able to demonstrate that Mindy was insolvent when she made the payment.
Correct Answer:
Verified
Q27: Which of the following is false regarding
Q33: Once a voluntary liquidation proceeding under Chapter
Q45: What is the status of the exemption
Q46: Which of the following is true regarding
Q47: For how many days prior to the
Q47: If Mona convinces the judge that the
Q48: Which of the following is true regarding
Q70: Which of the following are permitted to
Q72: Which of the following is false regarding
Q76: Which of the following is true regarding
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents