1. Debtor files for bankruptcy on December 1, 2020. The bankruptcy trustee will find the following things. Tell me if each of these are examples of a preferential treatment or not, and explain why
2. Debtor and First Bank entered into a loan agreement on February 1, 2020. The loan was for $100,000 at 5% interest. This was an unsecured loan.The loan was to be paid back on August 1, 2020 in full (102500).The debtor did not repay on August 1stbut did send a partial payment of $25,000 to First Bank on September 30, 2020.
3. Same as above except the loan was to be paid back in one year with monthly payments of $8250. The debtor made payment every month starting with March 1stand ending on December 1st.
4. Creditor financed the purchase of inventory for the debtor in the amount of $50,000. There was a proper security agreement and financing statement. The inventory was delivered to the debtor on July 31, 2020.The financing statement was file in the proper place on September 15, 2020.
5. Creditor financed the purchase of a piece of equipment for the debtor in the amount of $100,000 on August 15, 2020. All of the proper documents were created. The equipment was delivered to the debtor on August 29, 2020.The creditor filed the financing statement at the proper place on September 10, 2020.