To have made a preferential payment that can be recovered, a debtor generally must have transferred property, for a preexisting debt, within_______of the filing of the petition in Bankruptcy.

A) ninety days
B) 120 days
C) 150 days
D) one year of the filing of the petition in

Preferential Payment

A payment made to a creditor before a bankruptcy filing that is considered unfair to other creditors.

Transferred Property

Assets or rights that have been legally moved from one owner to another through a sale, gift, or inheritance.

Preexisting Debt

Financial obligations or liabilities that exist before a specified event or transaction, such as taking out a new loan.