The defined period for fraudulent transfers under the Bankruptcy Code was formerly ___________

Vendor: AAFM
Product: CTEP
Update on: Jul 25, 2025
Questions: 472

AAFM CTEP Question Answer

The defined period for fraudulent transfers under the Bankruptcy Code was formerly ____________prior to the debtor’s filing for bankruptcy. This period was ____________ by the Bankruptcy Abuse Prevention and Consumer Protection Act of ___________.Transfers to self-settled trusts may be recaptured if made within _________ of the debtor’s filing for bankruptcy if the transfer in trust was made with the intent to hinder, delay or defraud present or future creditors.

One year ; Extended to two years; 2005; 10 years

Two years; Reduced by one year; 2005; 10 years

One year; Extended to two years; 2008; 15 years

Two years; Reduced by one year; 2008; 15 years