Preferential Transfers
A preferential transfer in a Chapter 7 bankruptcy is any transfer of the debtor's property to satisfy an existing debt in the 90 days prior to filing that gives the creditor more than they would have received in the bankruptcy.
If the person you transferred the property to was an insider, the look back period is one year, however, insolvency is not presumed if the transfer occurred more than 90 days prior.
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