Steve is an oilman from West Texas. Due to market factors beyond his control he...
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Finance
Steve is an oilman from West Texas. Due to market factors beyond his control he finds himself unable to pay his substantial debts. With his last $1 million in cash he decides to pay off all of his debts to one of his many creditors, the First National Bank of Odessa, because his brother is the bank's president. This payment is a/ __________________________ and can be likely be avoided by the trustee of Steve's bankruptcy estate.
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