The Main Difference Between a Settlement and a Preference Is

question 36

Multiple Choice

The main difference between a settlement and a preference is that

• A)a settlement involves an assignment,whereas a preference only involves a proposal.
• B)a settlement involves a transfer by the debtor of its property for little or no value,whereas a preference gives preferential treatment to a particular creditor.
• C)a settlement involves a payment,whereas a preference does not.
• D)a settlement involves the Bankruptcy Court,whereas a preference involves the trustee.
• E)a settlement must be in writing,but a preference can be done orally or by conduct.

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