Examlex
Which one of the following statements must be true if the expression is to be used?
Fraudulent Transfers
The illegal or unethical transfer of property to avoid debts or obligations to creditors.
Voidable Preferences
Financial transactions that can be invalidated or reversed, often within bankruptcy proceedings, if they unfairly favor one creditor over others.
Trustee
An individual or organization appointed to manage and hold property or assets on behalf of another party.
Dischargeable
Referring to debts that can be eliminated or forgiven through legal processes, such as bankruptcy.
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