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Fieldwood Energy LLC, In re

Fieldwood Energy LLC, In re

Ruling
Transferee could not set off the remainder of what purchaser owed under the transferredagreement against the amount debtor owed under a second agreement that was rejected bydebtor. (Bankr. S.D. Tex.)
Issue(s)
Setoff; Preservation of Creditor's Right to Offset Mutual Debt.

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Commercial opinion summary, case decided on February 08, 2022 , LexisNexis #0322-093