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Preference payments to insiders
I'm trying to confirm that the dollar minimums in Section 547(c)(9) apply to recovery of preference payments to both insiders and non-insiders, with the only difference being the 1 year vs. 90-day reach-back periods in 547(b)(4). So that preferential payments totaling $4,850 to the Debtor's sister within the past year can not be recovered by the Trustee in a "business debt" case. Is that correct?
Jim
James R. Selth
Weintraub & Selth, APC
12121 Wilshire Boulevard, Suite 1300
Los Angeles, California 90025
Telephone: (310) 207-1494
Facsimile: (310) 442-0660
E-Mail: jim@wsrlaw.net
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