| Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 3,900,004,304 visitors served. |
Dictionary/ thesaurus | Medical dictionary | Legal dictionary | Financial dictionary | Acronyms | Idioms | Encyclopedia | Wikipedia encyclopedia | ? |
voidable preference |
0.01 sec. |
|
|
Voidable Preference The transfer of assets to a secured creditor less than 90 days before a bankruptcy filing. The voidable preference means one secured creditor is favored over others. After bankruptcy is filed, the trustee in bankruptcy may prevent this creditor from receiving the assets and instead transfer them to another creditor. voidable preference In bankruptcy law, the notion that a transfer of property within a certain time period before filing for bankruptcy may be set aside,because it takes property out of the bankruptcy estate and may diminish the money available for unsecured creditors.There does not have to be any showing of fraudulent or dishonest intent. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
|
| Mentioned in | ? | References in periodicals archive | ? | Financial browser | ? | Full browser | ? | |||
|---|---|---|---|---|---|---|---|---|---|---|
No references found | The Bankruptcy Code should be amended to specifically include tax elections in the definition of voidable preferences. States that have enacted versions of the Uniform Act typically have enacted a voidable preference provision that permits a receiver to avoid any pledge of assets made within a certain period (in some cases up to one year) prior to commencement of the receivership if the pledge was made with the intent of giving a preference and the creditor had reasonable cause to believe that the preference would occur. These measures dealt with voidable preferences in bankruptcy law. |
voidable preference |
Void for Vagueness Doctrine Void Fraction Instrument Void in Toilet void of contents void of feeling void of reason void of suspicion void of taste void of truth Void pump Void pump Void ratio Void space Void Stamp Void Stamp void swelling void the license of an attorney void trial Void Walker Void Where Prohibited void-cement ratio void-solid ratio voidable voidable voidable voidable voidable Voidable (law) Voidable (law) Voidable (law) voidable preference Voidable Preferencesvoidableness voidableness voidableness voidage voidance voidance voidances voidances VOIDD voided voided voided voided voided voided Voided Urinary Cytology voider voider voider voider voider voider VOIDH voiding voiding voiding voiding voiding voiding | |||||||
| Financial Dictionary |
| Free Tools: |
For surfers:
Free toolbar & extensions |
Word of the Day |
Help
For webmasters: Free content | Linking | Lookup box | Double-click lookup |
|---|