AAFM Exam CTEP Topic 2 Question 28 Discussion

Actual exam question for AAFM's CTEP exam

Question #: 28
Topic #: 2

The defined period for fraudulent transfers under the Bankruptcy Code was formerly ____________prior to the debtor's filing for bankruptcy. This period was ____________ by the Bankruptcy Abuse Prevention and Consumer Protection Act of ___________.Transfers to self-settled trusts may be recaptured if made within _________ of the debtor's filing for bankruptcy if the transfer in trust was made with the intent to hinder, delay or defraud present or future creditors.

AOne year ; Extended to two years; 2005; 10 years

BTwo years; Reduced by one year; 2005; 10 years

COne year; Extended to two years; 2008; 15 years

DTwo years; Reduced by one year; 2008; 15 years

Show Suggested Answer

Suggested Answer: A

by Aja at Oct 03, 2023, 05:06 PM

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