voidable preference in bankruptcy
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 204 U.S. 522 - Eau Claire National Bank v. Jackman · 1907Most cited · 41 citing opinions
[a creditor's right of] surrender exists as well after suit as before suit. ... [The trustee may avoid preferences without a demand before suit when demand would have been unavailing or futile.] ... 'to intend to prefer would be to make a transfer for the purpose of enabling the bank to obtain a greater percentage of its debt than any other debtors of the same class.