The Federal bankruptcy act contains several important terms. One such term is "insider". The term is used in connection with preferences and preferential transfers. Which amoung the following in not an "insider".
Answer: A secured creditor having a security interest in at least 25% or more of the debtor's property.
Explanation: A secured creditor is not an "insider" for the purposes of a preferential transfer.
Play Casino Games Online
For Women Only Lose 10 Pounds Fast
Answer: A secured creditor having a security interest in at least 25% or more of the debtor's property.
Explanation: A secured creditor is not an "insider" for the purposes of a preferential transfer.
Play Casino Games Online
For Women Only Lose 10 Pounds Fast
No comments:
Post a Comment