Freelin Conn filed a voluntary petition under Chapter 7 of the Bankruptcy Code on September 30, 2018. Conn listed BancOhio National Bank as having a claim incurred in October of 2017 in the amount of...


Freelin Conn filed a voluntary petition under Chapter 7 of the Bankruptcy Code on September 30, 2018. Conn listed BancOhio National Bank as having a claim incurred in October of 2017 in the amount of $4,000 secured by an eight-yearold Oldsmobile. The car is listed as having a market value of $4,100. During the period from June 30, 2018, to September 30, 2018, Conn made three payments totaling $439.17 to BancOhio. May the trustee in bankruptcy set aside those three payments as voidable preferences? Explain.

Nov 13, 2021
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