preference or preferential debt payment:
A debt payment made to a creditor in the 90-day period before a
debtor files bankruptcy (or within one year if the creditor was an
insider) that gives the creditor more than the creditor would
receive in the debtor’s chapter 7 case.
presumption of abuse see means
priority: The Bankruptcy Code’s
statutory ranking of unsecured claims that determines the order in
which unsecured claims will be paid if there is not enough money
to pay all unsecured claims in full. For example, under the
Bankruptcy Code’s priority scheme, money owed to the case
trustee or for prepetition alimony and/or child support must be
paid in full before any general unsecured debt (i.e. trade debt or
credit card debt) is paid.
priority claim: An unsecured claim
that is entitled to be paid ahead of other unsecured claims that
are not entitled to priority status. Priority refers to the order
in which these unsecured claims are to be paid.