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RDG
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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 <== Previous message Back to index Next message ==> |
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