What is the significance of recovering preferential or fraudulent payments in a Chapter 11 bankruptcy?
Avoiding Powers of Debtor in Possession

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7 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
Define preferential payments and explain the conditions under which they can be deemed as such.
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3.
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3 mins • 1 pt
How do unsecured creditors differ from secured creditors in the context of preferential payments?
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4.
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3 mins • 1 pt
Discuss the implications of making payments to insiders in relation to preferential payments.
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5.
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3 mins • 1 pt
What are some defenses against claims of preferential payments?
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6.
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3 mins • 1 pt
Explain the concept of fraudulent payments and the criteria that classify a payment as fraudulent.
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7.
OPEN ENDED QUESTION
3 mins • 1 pt
What is the time frame within which a debtor in possession can look back to identify fraudulent payments?
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