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Preferential liens are invalid if they are obtained on property of an insolvent debtor within before the filing of a bankruptcy petition and if their

Preferential liens are invalid if they are obtained on property of an insolvent debtor within before the filing of a bankruptcy petition and if their purpose is to secure a preexisting debt. Multiple Choice O three (3) years O six (6) months O one (1) year O ninety (90) days

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