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Bankruptcy
: The Debt PodcastGlossary: Avoidance
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AVOIDANCE: The Bankruptcy Code permits the debtor to eliminate (avoid) some kinds of liens that interfere with an exemption the debtor has claimed. The trustee may also avoid a preferential transfer to a creditor made before the bankruptcy case was filed.
If you liked that post, then try these...Replacing a Bad Check Could Be 'New Value' [...]Full post as published by The Debt Podcast on November 04, 2008 (boomark / email).
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