Davis v. Best Supply Co. (In re WB Servs., LLC)

590 B.R. 553 | United States Bankruptcy Court, D. Kansas | 2018

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Holding Summary

Joint-payee checks issued by a project owner to pay a debtor's suppliers constitute preferential transfers of the debtor's property interest, but the new value defense applies because the debtor received the benefit of lien releases.

The transfers were preferential but entitled to new value defense under § 547(c)(1).

United States Bankruptcy Court, D. Kansas, 2018

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