unfair preference

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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.

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fraudulent preference

References in periodicals archive ?

It must ensure that no party is given unfair preference in selection of campaign venues and, even more importantly, no party is denied space to air their electoral promises.

Remaining Neutral

Legislation prevents government providing local businesses with an unfair preference but rather, the Buy Local Plan will ensure contracts are awarded to businesses which can demonstrate they will bring benefits to the local economy by for example; employing local workers or sourcing supplies locally.

Australia : NT Governments Buy Local Plan backed by business

approximately $50 000 from unfair preference recoveries.

The free assets of the company and when they are free to take: equitable subrogation and the secured creditor

These are that it gives unfair preference in search results to its own services, copies content without permission, ties up publishers with exclusivity deals, and discourages clients from using other advertising platforms.

'Latest Google anti-trust remedies not acceptable'

The club's efforts to emerge from administration were in danger of being thwarted by Her Majesty's Revenue and Customs, who had alleged that the CVA gave unfair preference to football creditors.

Pompey joy is bad news for drop rivals; FOOTBALL

When college officials admit students based on a set of criteria, and one of those is ethnicity, they are automatically criticized for unfair preference. Yet the first step in the admissions process is the step of eligibility.

Why isn't eligibility part of the affirmative action debate?

To activists who seek to break the family's legal monopoly, the challenge is less to redefine family than to end the law's unfair preference toward families by extending legal privileges formerly reserved for families to individuals and to frankly nonfamilial social structures.

Cautious but comprehensive. (Reviews)

The US move was in retaliation for the EU giving unfair preference to Caribbean bananas.

TRADE WAR LOOMS IN US BANANA ROW

"If we have programs that are giving an unfair preference to people merely because they are Black, a preference they don't need and is not justified based on past discrimination or current situations, then get rid of it," he says.

Why almost everybody loves Colin Powell

there is a danger of unfair preference when the state company competes for a contract with private companies."

Namibia : NAMIBIAN military creates construction firm

They claim that the new taxis cut queues and overtake them to pick up customers and are given unfair preference by shopping centres.

Taxiing into trouble

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.

Racial diversity without racial preferences: the growing case for class-based affirmative action in college admissions