A Bankruptcy Trustee May Invalidate a Granting of a Security

question 46

True/False

A bankruptcy trustee may invalidate a granting of a security interest from the debtor if it was made on the date of or within 90 days before the filing of the bankruptcy petition and it was for the benefit of a creditor for an antecedent debt and was made before the debtor became insolvent.

---

Definitions:

Chronic Hypertension

A condition where an individual has persistently high blood pressure over a long period, often leading to health complications.

Exhaustion Phase

The final stage of the body's response to prolonged stress, characterized by depleted energy reserves and diminished resistance to illness.

Chronic Stress Phase

A prolonged period of stress without adequate relief, leading to various physical and psychological health issues.

General Adaptation Syndrome

A three-stage response (alarm, resistance, exhaustion) that describes the physiological changes the body goes through under stress.