Avoiding Powers of Debtor in Possession

The video tutorial explains the concept of possession in Chapter 11 bankruptcy, focusing on preferential and fraudulent payments. It details how preferential payments can be recovered if they allow creditors to receive more than they would in a Chapter 7 liquidation. The video also covers extensions for insider payments and various defenses against claims of preferential payments, such as contemporaneous exchange of value and payments in the ordinary course of business. Additionally, it defines fraudulent payments as those intended to defraud creditors or made without equivalent value.

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