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Question 1

Enhancement of the Estate in Bankruptcy

Answer 1

Action: Trustee can claw back assets or their value from the recipient.
Result: enhances the bankrupt estate, making more assets available for division among creditors.

Question 2

Trustee’s Impeachment Powers

Answer 2

Preference (FPA or BIA),
Fraudulent Conveyance (FCA or FPA), Transfer at Undervalue (BIA),
PostInitiation Transfer (BIA),
Distribution to a Shareholder (BIA).

Question 3

Provincial Time Periods

Answer 3

Time period runs forward from date of impeachable transaction

FCA

Question 4

BIA Time Periods

Answer 4

Federal Provisions: Primarily backwardlooking.
Anchor: Date of the initial bankruptcy event

Question 5

Fraudulent Conveyance

Answer 5

Involves a transfer of property hindering or delaying creditors’ efforts, often with the intention of returning the property to the debtor.

Question 6

Preference

Answer 6

Selective transfer of property to a creditor, creating an unfair advantage and undermining the distribution scheme under bankruptcy law.