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Thirty days before filing for bankruptcy, YEC paid Holder Distributing Company (HDC) $25,000 for an invoice due. HDC is primarily owned by Whippany and he
Thirty days before filing for bankruptcy, YEC paid Holder Distributing Company (HDC) $25,000 for an invoice due. HDC is primarily owned by Whippany and he wanted the invoice paid prior to filing the bankruptcy petition. The payment to HDC is likely which of the following?
a. A bankruptcy estate
b. A legist payment of debt
c. An automatic stay
d. A reorganization plan
e. A voidable transfer
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