Ninth Circuit Rules That Hypothetical Preference Actions May Be Cons...

Ninth Circuit Rules That Hypothetical Preference Actions May Be Considered in Applying the Greater Amount Test
Lexology (registration)
To determine what a creditor-transferee would receive in a hypothetical chapter 7 liquidation, it is necessary to understand the Bankruptcy Code's priority scheme. Secured claims enjoy the highest priority in bankruptcy. A claim is secured to the ...