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Three years before Allen filed for bankruptcy he sold a used car to his son for $ 5 , 0 0 0 . The car
Three years before Allen filed for bankruptcy he sold a used car to his son for $ The car originally cost $ Assuming these facts, the trustee of Allen's estate NOT be able to declare the transfer void because:
a transfer can be declared void only if the asset is sold to an individual who is unrelated to the debtor
the sale of assets such as motorized vehicles cannot be declared void
a transfer can be declared void only if it occurs within two years of the filling of the petition
the sale of assets to a family member cannot be declared void
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