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Serjik [45]
4 years ago
15

Alex files a petition for bankruptcy under Chapter 7. He owes $2.37 million to assorted creditors. Two months before filing, he

sold his beach house, which was valued at $600,000, to his brother Jonah for $150,000. If the trustee objects to the sale, then it is most likely that: a. the sale of the house will be considered a preference. b. the trustee will take the house from Jonah and give it to the secured creditor with the largest claim on Alex's estate. c. Jonah will keep the house because the sale took place before the petition was filed. d. the trustee will avoid the transfer and take back the house as part of Alex's estate.
Social Studies
1 answer:
Vesnalui [34]4 years ago
4 0

Answer:

The correct answer is D.

Explanation:

In this situation, it is very easy to identify a conflict of interest because in the example there is a person who is involved or has two relationships that might compete with each other for Alex's loyalties. (his brother).

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