Federal Case

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• noting that a debt that is “absolutely owed” pre-petition is not transformed into a post-petition debt simply because it remains due and owing upon the bankruptcy filing
• “Braniff could have certainly brought an action against Exxon in such a case, alleging that Exxon owed it either money or fuel.”
• “The fact that a setoff never actually took place does not affect the analysis. The issue is whether Exxon hypothetically had the right to a setoff, and because of this right it was secured and therefore the payment received from Braniff was not a voidable preference.”

Source: CourtListener parenthetical corpus (CC0).