- 11 U.S.C.
Wallach v. Ford Motor Co. (In re Performance Transp. Servs.)
Feb
08
2013
Ruling
New value defense did not apply where parties engaged in preferential payments rather than available setoff.
Procedural posture
Plaintiff chapter 7 trustee sought to recover payments made to defendant creditor as preferential, but the creditor, contending that the payments were for new value under 11 U.S.C.S. § 547(c)(4), filed a motion for summary judgment.
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Court
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