CA CLS Bankruptcy

Practice session

A creditor receives a $10,000 payment on an unsecured antecedent debt 60 days before the debtor's Chapter 7 filing. The debtor was insolvent at the time. The creditor would have received only $4,000 in a hypothetical Chapter 7 liquidation absent the transfer. The trustee may recover up to what amount as a §547 preference?

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