Agreements to settle property-bankruptcy and liquidation, Financial Accounting

Assignment Help:

Agreements to settle property

The trustee is not bound by such an agreement if it remains executory. If property has already been settled, the trustee can recover it unless it is proved:

  1. That the settlement was made more than two years before the bankruptcy, or
  2. That, at the date of the settlement the bankrupt was able to pay all his debts without the aid of the settled property, or
  3. The agreement related to property expected to accrue to the bankrupt on the death of a named person and was made within three months of its coming into his possession.

Related Discussions:- Agreements to settle property-bankruptcy and liquidation

Callable preferred stock, Callable Preferred Stock On March 4, 2013, Hein C...

Callable Preferred Stock On March 4, 2013, Hein Corporation issues 1,000 shares of $100 par preferred stock for $125 per share. The stock is not callable by the corporation until 3

The statement of changes in equity-financial statement , THE STATEMENT OF C...

THE STATEMENT OF CHANGES IN EQUITY This is a very important report because it explains the movements in the shareholder funds during the year and also acts as a link between the

Work sheet, Q : The Trial Balance of Dephane Main Fashion Center contained ...

Q : The Trial Balance of Dephane Main Fashion Center contained the following accounts at November, 30 the end of the company fiscal year. Dephane Main Fashion Center Trial Balanc

Describe about financial intermediation, Q. Describe about Financial interm...

Q. Describe about Financial intermediation? Financial intermediation refers to the role of a bank or else other financial institution that serves to bring together lenders and

Property, Hi! Here are the case: Acquisition of Assets: The cost method ...

Hi! Here are the case: Acquisition of Assets: The cost method of accounting is used for the initial recording of all acquisitions of assets controlled by the authority. Cost is

What is capital expenditure, Calculat capital expenditure, How to define Ca...

Calculat capital expenditure, How to define Capital expenditure This is kind of expenditure on fixed assets like as plant or equipment, the cost of which is spread over several

Presentation method-foreing branches, Presentation method (formerly closin...

Presentation method (formerly closing rate or net investment method) Under this method, the branch operates with a lot of degree of autonomy from the head office. This position i

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd