Law · Insolvency and Bankruptcy Code
Under the Insolvency and Bankruptcy Code, preferential transactions made by a bankrupt debtor can be avoided or reversed if they were made within a look-back period of:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 13 months for all transactions
- 26 months (or 2 years for transactions with associates)✓
- 31 year for all transactions
- 42 years for all transactions
Correct answer
6 months (or 2 years for transactions with associates)
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