Federal Case

How courts have described this case

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

• declining “to hold that a desperate debtor’s irresponsible accumulation of gambling debts in an ill-fated attempt to cover fraud and embezzlement losses qualifies as the ordinary course of his business or financial affairs”
• “Contemporaneous exchanges for new value are an exception [to the trustee’s avoidance powers] ... because other creditors are not adversely affected if the debtor’s estate receives new value.”

Source: CourtListener parenthetical corpus (CC0).