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Xurex, Inc., In re--Enslein v. IPFS Corp.

Ruling: 
Payments made by a debtor under the terms of a premium financing agreement was deemed as an extemporaneous exchange for new value without need of the cancellation of the policy. (Bankr. W.D. Mo.)
Issue: 
Preferences; Exceptions to Avoidance; Contemporaneous Exchange for New Value.
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Commercial case opionion summary, case decided on July 19,2017, LexisNexis #0817-106