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What Is a Preference Under the Bankruptcy Code? What Time

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What is a preference under the bankruptcy code? What time period is reviewed to determine if a preference has occurred? When does a long-term debt payment to a bank qualify under the ordinary course of business exception?


Definitions:

Distinction

A difference or contrast between similar things or people, often highlighting a unique feature or quality.

Social-cognitive Theorist

A scholar who focuses on how people learn by observing others, and how they control their behavior through cognitive processes.

Moral Behavior

Actions that are in accordance with societal norms and values regarding right and wrong.

Think Morally

The process of evaluating actions and decisions based on ethical principles and considerations of right and wrong.

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