A bill to amend section 547 of Title 11 of the United States Code, dealing with preferences in bankruptcy cases.

[AI summary unavailable — showing source text] Amends the Bankruptcy Reform Act of 1978 to permit transfers to creditors if in payment of a debt evidenced by a note and supported by an irrevocable letter of credit, commitment to lend funds, or bond of indemnity issued by a bank or insurance company.…