Which of the following payments is considered preferential?
A) Payments made in the ordinary course of business
B) Payment of monthly utility bills
C) Payment made by an insolvent debtor within 250 days of the filing of the bankruptcy petition
D) Payment to a creditor giving him a greater percentage of a preexisting debt than other similar creditors
Correct Answer:
Verified
Q31: Which of the following statements is true
Q32: Which of the following is true about
Q33: When a debtor files a bankruptcy petition,
Q34: The court orders relief to a creditor
Q35: Six months before filing for bankruptcy, Shirley
Q37: Which of the following statements is true
Q38: Bill filed a petition for bankruptcy under
Q39: A bankrupt person's estate is administered by
Q40: Involuntary petitions in straight bankruptcy can be
Q41: When is a debtor allowed to void
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