Case Problem:
Freelin Conn filed a voluntary petition under the Bankruptcy Code on September 30, 2009. Conn listed BancOhio National Bank as having a claim incurred in October of 2008 in the amount of $4,000 secured by a 2001 Oldsmobile. The car is listed as having a market value of $4,100. During the period from June 30, 2009, to September 30, 2009, Conn made three payments totaling $439.17 to BancOhio. May the trustee in bankruptcy set aside those three payments as voidable preferences? Explain.
Your answer must be, typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.