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Third Circuit Deems Creditor an "Insider" Based on Abuse of Business Relationship with Debtor and Orders Return of $188.2 Million to Trustee


by Jennifer A. Diamantis View Biography
Schnader Harrison {newline}Segal & Lewis LLP View Firm Credentials
Philadelphia Office

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March 25, 2009

Previously published on February 2009

The Third Circuit Court of Appeals has adopted a broad interpretation of "insider" status for purposes of avoidance claims under the Bankruptcy Code.


 

The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance.


 

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