HAL, Inc. v. United States (In Re HAL, Inc.)

How courts have described this case

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

• stating a recent majority of courts have held that the governmental agencies satisfy mutuality for purposes of Bankruptcy Code Section 553, and those that have not have often been reversed on appeal
• “The general rule, however, holds that triangular setoffs among related parties do not meet the mutuality requirement.”

Source: CourtListener parenthetical corpus (CC0).