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It is unfortunate that credit unions often must deal with insolvent debtors and guarantors. Insolvency of a credit party can leave a creditor in an unanticipated position; namely, with no lien or with an unenforceable guaranty. Section 548 of the U.S. Bankruptcy Code establishes the law of “fraudulent conveyances” and empowers a bankruptcy trustee or a debtor in possession to void or cancel certain security interests or guarantys that:

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