Freelin Conn filed a voluntary petition of the Bankruptcy Code on September 30, 2016. Conn listed BancOhio
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Freelin Conn filed a voluntary petition of the Bankruptcy Code on September 30, 2016. Conn listed BancOhio National Bank as having a claim incurred in October of 2015 in the amount of \($4,000\) secured by an eight-year-old Oldsmobile. The car is listed as having a market value of \($4,100.\) During the period from June 30, 2016, to September 30, 2016, Conn made three payments totaling \($439.17\) to BancOhio. May the trustee in bankruptcy set aside those three payments as voidable preferences? Explain.
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Related Book For
Business Law And The Regulation Of Business
ISBN: 9781305509559
12th Edition
Authors: Richard A. Mann, Barry S. Roberts
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