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What is true about voidable preferences and fraudulent transfers? A.They are two terms to describe the same type of transaction. B.Intent to defraud must be
What is true about voidable preferences and fraudulent transfers?
- A.They are two terms to describe the same type of transaction.
- B.Intent to defraud must be proven for both types of transactions.
- C.A voidable preference may have been a legitimate business transaction, but a fraudulent transfer requires proof of intent to defraud.
- D.Any transaction of either type within one year of the filing of the petition is subject to action by the bankruptcy trustee.
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