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§ 553

Wood, In re--Wood v. U.S. Dep't of Hous. & Urban Dev.

Ruling
Court concluded that Treasury could not circumvent bankruptcy procedures for creditors byusing its setoff right. (Bankr. S.D. W. Va.)
Issue(s)
Setoff.

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Court :
Judge or Jurisdiction information not available
Consumer opinion summary, case decided on March 31, 2019 , LexisNexis #0619-042

Myers, In re

Ruling
Debtors could not recover setoff of debtors' tax refund as there was no improvement in thecreditor's position within the 90-day pre-petition period. (Bankr. E.D.N.C.)
Issue(s)
Setoff; Pre-petition Setoff.

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Court :
Judge or Jurisdiction information not available
Consumer opinion summary, case decided on December 31, 2018 , LexisNexis #1119-069

Digital Networks N. Am., Inc., In re--Miller v. D&M Holdings US Inc.

Ruling
Trustee’s complaint seeking to avoid a pre-petition setoff was dismissed for trustee's failure to plead a § 553 insufficiency claim. (Bankr. D. Del.)
Issue(s)
Setoff.

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Commercial opinion summary, case decided on August 13, 2018 , LexisNexis #0918-109

Cranberry Growers Coop., In re

Ruling
Debtor's motion for summary judgment granted on the purchaser's assertion of the rights ofrecoupment and setoff where debtor's claim against the purchaser arose post-petition and wasnot eligible for setoff. (Bankr. W.D. Wis.)
Issue(s)
Setoff.

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Commercial opinion summary, case decided on June 27, 2018 , LexisNexis #0818-020

Cranberry Growers Coop., In re

Ruling
Debtor's motion for summary judgment granted on the purchaser's assertion of the rights ofrecoupment and setoff where debtor's claim against the purchaser arose post-petition and wasnot eligible for setoff. (Bankr. W.D. Wis.)
Issue(s)
Setoff.

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Commercial opinion summary, case decided on June 27, 2018 , LexisNexis #0818-020

Summerfield, In re

Ruling
Creditor may attempt to set off a discharged debt against the amount he owed to the debtoras none of the exceptions in § 553 applied. (Bankr. N.D. Ill.)
Issue(s)
Setoff; Preservation of Creditor's Right to Offset Mutual Debt.

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Consumer opinion summary, case decided on April 06, 2018 , LexisNexis #0618-078

Summerfield, In re

Ruling
Court denied debtor's motion for an order enjoining her ex-husband from prosecuting theaction he filed in the Illinois circuit court. (Bankr. N.D. Ill.)
Issue(s)
Setoff; Preservation of Creditor's Right to Offset Mutual Debt.

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Consumer opinion summary, case decided on April 06, 2018 , LexisNexis #0618-054

Hurt, In re--Hurt v. United States Dep't of Housing & Urban Dev't

Ruling
Section 553(b) did not allow recovery by the trustee as there was no reduction in thedefendant's insufficiency. (Bankr. W.D. Va.)
Issue(s)
Setoff; Prepetition Setoff.

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Consumer opinion summary, case decided on December 27, 2017 , LexisNexis #0218-022

Cook Inlet Energy, LLC, In re

Ruling
Court deemed that the State of Alaska did not have the right to offset its liability to debtor by amounts owed to it by codebtor where proposed offsets involved separate entities in different capacities and mutuality was lacking. (Bankr. D. Alaska)
Issue(s)
Setoff; Preservation of Creditor's Right to Offset Mutual Debt.

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Commercial opinion summary, case decided on November 16, 2017 , LexisNexis #1217-112

Alliance Well Serv., LLC, In re--Alliance Well Serv., LLC v. J.S. Ward & Son, Inc.

Ruling
Debts could not be offset where creditor's obligation to forward the refund to debtor arose post-petition. (Bankr. D.N.M.)
Issue(s)
Setoff.

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Commercial opinion summary, case decided on October 27, 2017 , LexisNexis #1217-049