McKloskey v. Schabel (In Re Schabel)

How courts have described this case

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

• \[T]here is no statutory requirement that the new value ... be made in good faith by the creditor.\
• The Seventh Circuit had ruled that new value must remain unpaid. Bankruptcy Court dismissed trustee’s preference action because new value was unpaid at the time of the petition even though later paid by the debtor.

Source: CourtListener parenthetical corpus (CC0).