Assuming the business partner 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 on the payment to the business partner?
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 business partner and made within two years of the filing of the bankruptcy petition unless Mindy can establish that she was not insolvent when the payment was made.
E) The payment was preferential on the basis that it was made to a business partner 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
Q45: Which of the following is true regarding
Q48: Which of the following is true regarding
Q49: A[n] _ is a written federal court
Q51: Which of the following was the result
Q52: What is the status of the exemptions
Q55: Once the petition is filed,which of the
Q56: What is the status of the exemption
Q57: Which of the following is an agreement
Q75: Which of the following is false regarding
Q77: Which of the following is false 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