unfair preference

(redirected from Unfair preferences)

unfair preference

a payment or transaction designed to favour one creditor over others in the event of a forthcoming INSOLVENCY, so an ordinary payment of an ordinary legitimate debt is not unfair, but the granting of a security allowing it to be repaid in full in the event of insolvency is unfair to the general body of creditors. The trustee of the insolvent estate is allowed to unravel such transactions subject to detailed rules and time limits.
Mentioned in ?
References in periodicals archive ?
College admissions are laden with unfair preferences for the children of alumni, for athletes in a variety of sports, and for black and Latino students, most of whom also come from middle- or upper-class backgrounds.
For example, regarding the Center for Equal Opportunity's report that unfair preferences were given to blacks, Wise states that their argument is "demonstrably absurd and the height of statistical illiteracy" (p.
The initiative was designed to appeal to white voters who believe that any racial counting leads to unfair preferences, and mixed race voters who are frustrated with having to check a racial identity box.
The Court's decision is likely to jeopardize a broad range of Federal affirmative action programs, and fuel the growing public controversy over whether set asides, hiring goals and scholarship programs for minorities are justified by past discrimination or constitute unfair preferences resulting in "reverse discrimination" against whites.
approximately $50 000 from unfair preference recoveries.
Court for directions as to whether the proceeds of the unfair preference
successfully recovered $342 000 from unfair preference recoveries.
approximately $1.4 million from unfair preference claims.
(1) A transaction is an unfair preference given by a company to a
To remove any doubt, if a transaction is an unfair preference, the
company's free assets by making the proceeds of unfair preference
Further, knowing that the proceeds of unfair preference recoveries