Opinions – 3/21/13: 4th U.S. Circuit Court of Appeals
4:36 pm Wed, March 20, 2013
Posted: 4:36 pm Wed, March 20, 2013
By Daily Record Staff
New value defense
BOTTOM LINE: Court properly awarded summary judgment against bankruptcy trustee based on debtor’s transfer of $1.375 million to insurance company within 90 days of filing of bankruptcy petition for bankruptcy, because insurance company offered uncontradicted evidence that debtor received new value in excess of $1.375 million, and, therefore, “new value” defense to ...
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