Examlex
Which of the following sentences uses the correct tense?
Avoidance Powers
Legal abilities granted typically to a trustee in bankruptcy to nullify certain transactions made by the debtor before bankruptcy to ensure equitable distribution of assets to creditors.
Bankruptcy Trustee
An individual or corporation appointed in a bankruptcy case to represent the interests of the bankruptcy estate and the creditors.
Debtor's Property
refers to all tangible or intangible assets owned by an individual or entity who owes money to another party.
Fraudulent Transfers
Transactions made with the intention of evading creditors by moving assets out of their reach.
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