Able gets a judgment against Baker in state court for $50,000 on July 1 . On July 15, Baker files a bankruptcy petition under Chapter 7 . In this case:
a. Able is a lien creditor.
b. unsecured creditors will share proportionately with Able.
c. the judgment is a preferential transfer that will be invalidated by the trustee.
d. Both (a) and (b) are true.
a
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