The law › Title 11, Bankruptcy › Chapter 5
11 U.S.C. 547: Preferences
Created in 1978 by Public Law 95-598. Changed by 6 later laws. 1 bill in this Congress would change it.
4 other sections of the Code cite this one, including 11 U.S.C. 109, 11 U.S.C. 362, 11 U.S.C. 550, 11 U.S.C. 926.
- past change
- enacted this Congress
- proposed
This Congress
- H.R. 10595 Stop Wall Street Looting Act · introduced · would change (j)
How it got here
2020
- Pub. L. 116–260, §1001(g)(2)(A)(i), substituted "and (i)" for ", (i), and (j)" in introductory provisions. (Consolidated Appropriations Act, 2021) Law text · (b)
- Pub. L. 116–260, §1001(g)(1)(A), substituted ", (i), and (j)" for "and (i)" in introductory provisions. (Consolidated Appropriations Act, 2021) Law text · (b)
- Pub. L. 116–260, §1001(g)(2)(A)(ii), struck out subsec. (j) which related to covered payments of rental and supplier arrearages. (Consolidated Appropriations Act, 2021) Law text · (j)
- Pub. L. 116–260, §1001(g)(1)(B), added subsec. (j). (Consolidated Appropriations Act, 2021) Law text · (j)
2019
- Pub. L. 116–54 inserted ", based on reasonable due diligence in the circumstances of the case and taking into account a party's known or reasonably knowable affirmative defenses under subsection (c)," after "may" in introductory provisions. (Small Business Reorganization Act of 2019) Law text · (b)
2005
- Pub. L. 109–8, §1213(a)(1), substituted "subsections (c) and (i)" for "subsection (c)" in introductory provisions. (Bankruptcy Abuse Prevention and Consumer Protection Act of 2005) Law text · (b)
- Pub. L. 109–8, §409(1), added par. (2) and struck out former par. (2) which read as follows: "to the extent that such transfer was— (Bankruptcy Abuse Prevention and Consumer Protection Act of 2005) Law text · (c)
- Pub. L. 109–8, §1222, substituted "30 days" for "20 days". (Bankruptcy Abuse Prevention and Consumer Protection Act of 2005) Law text · (c)
- Pub. L. 109–8, §217, amended par. (7) generally. Prior to amendment, par. (7) read as follows: "to the extent such transfer was a bona fide payment of a debt to a spouse, former spouse, or child of the debtor, for alimony to, maintenance for, or support of such spouse or child, in c… (Bankruptcy Abuse Prevention and Consumer Protection Act of 2005) Law text · (c)
- Pub. L. 109–8, §409(2), (3), added par. (9). (Bankruptcy Abuse Prevention and Consumer Protection Act of 2005) Law text · (c)
- Pub. L. 109–8, §403, substituted "30" for "10" wherever appearing. (Bankruptcy Abuse Prevention and Consumer Protection Act of 2005) Law text · (e)
- Pub. L. 109–8, §201(b), added subsec. (h). (Bankruptcy Abuse Prevention and Consumer Protection Act of 2005) Law text · (h)
- Pub. L. 109–8, §1213(a)(2), added subsec. (i). (Bankruptcy Abuse Prevention and Consumer Protection Act of 2005) Law text · (i)
1994
- Pub. L. 103–394, §203(1), substituted "20" for "10". · (c)
- Pub. L. 103–394, §304(f), added par. (7) and redesignated former par. (7) as (8). · (c), (8)
- Pub. L. 103–394, §203(2), inserted before semicolon at end ", except as provided in subsection (c)(3)(B)". · (e)
1986
- Pub. L. 99–554 inserted "and" after the semicolon. · (b)
1984
- Pub. L. 98–353, §462(a)(1), inserted "including proceeds of such property," after "law,". · (a)
- Pub. L. 98–353, §462(a)(2), struck out ", without penalty" after "any extension", and inserted "without penalty" after "payable". · (a)
- Pub. L. 98–353, §462(b)(1), substituted "of an interest of the debtor in property" for "of property of the debtor" in provisions preceding par. (1). · (b)
- Pub. L. 98–353, §462(b)(2), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: "between 90 days and one year before the date of the filing of the petition, if such creditor, at the time of such transfer— · (b)
- Pub. L. 98–353, §462(d)(1), inserted "by the debtor" after "incurred". · (c)
- Pub. L. 98–353, §462(c), struck out subpar. (B) which read as follows: "made not later than 45 days after such debt was incurred;" and redesignated subpars. (C) and (D) as (B) and (C), respectively. · (c)
- Pub. L. 98–353, §462(d)(2), substituted "that creates" for "of". · (c)
- Pub. L. 98–353, §462(d)(3), inserted "on or" after "perfected", and substituted "the debtor receives possession of such property" for "such security interest attaches". · (c)
- Pub. L. 98–353, §462(d)(4), substituted "that creates" for "of", and "all security interests" for "all security interest". · (c)
- Pub. L. 98–353, §462(d)(5), substituted "or" for "and". · (c)
- Pub. L. 98–353, §310(3), added par. (7). · (c)
- Pub. L. 98–353, §462(e), substituted "The" for "A" before "trustee may avoid", inserted "an interest in" after "transfer of", inserted "to or for the benefit of a surety" after "transferred", and inserted "such" after "reimbursement of". · (d)
- Pub. L. 98–353, §462(f), substituted "or" for "and". · (e)
- Pub. L. 98–353, §462(g), added subsec. (g). · (g)
Text, outline and history from the official U.S. Code (2024 edition) on GovInfo, published by the Office of the Law Revision Counsel. Changes made after that edition appear under This Congress.