Section 553 of the Bankruptcy Code Preserves Rather Than Creates Set...

Section 553 of the Bankruptcy Code Preserves Rather Than Creates Setoff Rights
Lexology (registration)
Section 553(a) of the Bankruptcy Code provides, subject to certain exceptions, that the Bankruptcy Code “does not affect any right of a creditor to offset a mutual debt owing by such creditor to the debtor that arose before the commencement of the case ...