Simon v. Engineered Protection Systems, Inc. (In Re Hatfield Electric Co.)

How courts have described this case

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

• explaining that “[t]he right of a third party to withhold or retain payment constructively released by debtor’s payment in exchange for waiver of creditor’s inchoate lien would come within the term ‘money’ in the definition of ‘new value.’ ”
• the purpose of preference avoidance is not eroded by payments to fully secured creditors, since the estate is not thereby diminished

Source: CourtListener parenthetical corpus (CC0).