Business, 06.10.2019 07:01 adriancastaneda

Kyla owes her unsecured creditors $100,000. on february 9, kyla knows that she is insolvent. kyla owns a mercedes-benz automobile that is worth $55,000. on february 9, kyla sells her mercedes-benz automobile to her friend, wei, for $30,000. wei is a bona fide purchaser who does not know of kyla's financial situation. on july 1, kyla files for chapter 7 liquidation bankruptcy while still owing the $100,000 to her unsecured creditors. the court can void kyla's sale of her automobile to wei as a(n) because it occurred within of the petition and kyla received less than a reasonable equivalent in value.

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Kyla owes her unsecured creditors $100,000. on february 9, kyla knows that she is insolvent. kyla ow...