“preferential debt payment”
This page presents an official legal definition of “preferential debt payment” from a government source. Additional definitions will be added as jurisdictions publish them.
United States
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A debt payment made to a creditor in the 90-day period before a debtor files bankruptcy (or within one year if the creditor was an insider) that gives the creditor more than the creditor would receive in the debtor's chapter 7 case.
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