Business, 29.11.2019 02:31 ophanteen

Alex files a petition for bankruptcy under chapter 7. he owes $2.37 million to assorted creditors. two months before filing, he sold his beach house, which was valued at $600,000, to his brother jonah for $150,000. if the trustee objects to the sale, it is most likely that:
a. jonah will keep the house because the sale took place before the petition was filed.
b. the trustee will void the transfer and take back the house as part of alex's estate.
c. the trustee will take the house from jonah and give it to the secured creditor with the largest claim on alex's estate.
d. the sale of the house will be considered a preference.

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Alex files a petition for bankruptcy under chapter 7. he owes $2.37 million to assorted creditors. t...

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