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Opinions – 3/21/13: 4th U.S. Circuit Court of Appeals

Bankruptcy Law 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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