Assertion: avoidable preference | /r/HasProperty | payment
Facets:
value: in layman's terms
type: OTHER
Source sentences:
text: An avoidable preference is a payment made before filing for bankruptcy that prefers one creditor to others similarly situated.
text: In layman's terms, an avoidable preference is a transfer or payment made to a creditor by a debtor that the bankruptcy trustee later seeks to recoup for the benefit of the bankruptcy estate and repayment of the estate's creditors.