IIBF Certified Credit Professional (CCP)

A 'preference payment' in bankruptcy refers to a transfer made by the debtor:

To a secured creditor within 2 years before filing To an unsecured creditor within 90 days before filing that improves their position over other creditors To pay employee wages within 30 days before filing To a government tax authority within 1 year before filing

Correct Answer:

To an unsecured creditor within 90 days before filing that improves their position over other creditors

Access more questions from this quiz

Continue to IIBF Certified Credit Professional (CCP) for more practice questions and the full quiz experience.

Access More Questions