Avoidance Power | Practical Law

Avoidance Power | Practical Law

Avoidance Power

Avoidance Power

Practical Law Glossary Item 2-382-3249 (Approx. 3 pages)

Glossary

Avoidance Power

Also known as avoiding power, avoidance, avoiding, or avoid. The rights belonging to a debtor or Chapter 11 trustee in bankruptcy to void liens created before bankruptcy or to reverse certain transfers of property (such as preferences and fraudulent transfers) made before bankruptcy and recover the property for the estate to pay creditors.