insider preference
- The act of a debtor undergoing a bankruptcy proceeding favoring an insider by transferring their property to them, which occurs more than ninety days but less than a year before filing for bankruptcy
- The court had to scrutinize the situation due to a potential insider preference scenario.
- The claimant raised concerns about insider preference following the property transfer just a few months before the bankruptcy filing.
- Legal counsel advised vigilance to prevent any semblance of insider preference in the case.
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