Bankruptcy by Keyword
Bankruptcy by Keyword:
"Preferences"
Related Keywords:
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Definitions from the USDOJ
- fraudulent transfer: A transfer of a debtor's property made with intent to defraud or for which the debtor receives less than the transferred property's value.
- postpetition transfer: A transfer of the debtor's property made after the commencement of the case.
- preference or preferential debt payment: A debt payment made to a creditor in the 90-day period before a debtor files bankruptcy (or within one year if the creditor was an insider) that gives the creditor more than the creditor would receive in the debtor's chapter 7 case.
- transfer: Any mode or means by which a debtor disposes of or parts with his/her property.
