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<== Previous message       Back to index       Next message ==>
Sender:
Allan Axelrod
Date:
Wed, 3 Jul 1996 13:48:36 EST
Re:
Defences

 

If the defence were allowed, the payment might still be a voidable preference, at least under US bankruptcy law. But it is not clear who would avoid it. The trustee in b would have no interest (on behalf of the creditors) in recovering the plaintiff's trust money.

and therefore the defendant would argue that what it had received was not preferential as not 'property of the estate'????

 

Allan Axelrod
Rutgers Law School
15 Washington St., Newark, NJ 07102
(201) 648-5373


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