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Voidable preference: Difference between revisions
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[[File:Void.jpg|450px|thumb|center|[https://www.artlimited.net/35486/art/image-far-from-void/en/642461 ''Far from Void''], Michael Dunaj]] | [[File:Void.jpg|450px|thumb|center|[https://www.artlimited.net/35486/art/image-far-from-void/en/642461 ''Far from Void''], Michael Dunaj]] | ||
}}{{d|Voidable preference|/ˈvɔɪdəbl/ /ˈprɛfərəns/|n|}} | }}{{d|Voidable preference|/ˈvɔɪdəbl/ /ˈprɛfərəns/|n|}} | ||
What happens if you suddenly, apropos nothing, create a [[security interest]] in favour of your buddy, or generally prefer one creditor to others and then go ''[[tetas arriba]]'' within a short period. | |||
Depending on where you are from, the [[insolvency]] laws of your land may set aside any such preference, at the petition of your administrator, if it supposes that in creating, it you acted with base motives: preferring one of your buddies, over your legion of other creditors, when the writing was already on the wall. | Depending on where you are from, the [[insolvency]] laws of your land may set aside any such preference, at the petition of your administrator, if it supposes that in creating, it you acted with base motives: preferring one of your buddies, over your legion of other creditors, when the writing was already on the wall. | ||