DURRETT RULE

Durrett rule. Bankruptcy. The principle that a transfer of property in exchange for less than 70% of the property’s value should be invalidated as a preferential transfer. Durrett v. Washington Nat’l Ins. Co., 621 F.2d 201 (5th Cir. 1980); 11 USCA § 548. • This rule has been applied most frequently to foreclosure sales. But […]