Match the following terms with the correct description: ___ A. Fresh start ___ B. Fraudulent transfer ___
Question:
___ A. Fresh start
___ B. Fraudulent transfer
___ C. Exempt property
___ D. Reaffirmation
___ E. Voidable preference
1. Property individual debtors can keep for themselves
2. Debtors are not liable for money owed before the filing
3. Debtor’s promise to pay a debt after discharge
4. Payment to a creditor immediately before filing
5. Payment made within the year before a petition is filed with the goal of hindering creditors
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Related Book For
Introduction To Business Law
ISBN: 9780324826999
3rd Edition
Authors: Jeff Rey F. Beatty, Susan S. Samuelson
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