Official Committee of Unsecured Creditors of Maxwell Newspapers, Inc. v. Travelers Indemnity Co. (In Re Maxwell Newspapers, Inc.)

How courts have described this case

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

• rejecting the argument that new value must be unpaid to qualify under section 547(c)(4)
• rejecting the argument that new value must be unpaid to qualify under section 547(c)(4)
• “There is no logical reason to distinguish between a creditor that was paid by an avoidable transfer and one that was never paid at all.”
• “forbearance from exercising pre-existing rights does not constitute new value under § 547(a)(2)”

Source: CourtListener parenthetical corpus (CC0).