Business, 16.11.2019 00:31 alemorachis49

John's brother, phil, loaned him $10,000 to start his business. john didn't do too well and planned to file for bankruptcy. in may, he gave phil his car worth $8,000 to satisfy the debt. john filed his petition in november. after liquidation, if the car were included in his assets, every unsecured debtor would have received 85% of the debt owing to him. will this be a voidable preference?

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John's brother, phil, loaned him $10,000 to start his business. john didn't do too well and planned...