Ninth Circuit Holds Bank Liable for Preference, Applying Hypothetica...

Ninth Circuit Holds Bank Liable for Preference, Applying Hypothetical Liquidation Analysis
Lexology (registration)
“[C]ourts may account for hypothetical preference actions within a hypothetical [C]hapter 7 liquidation” to hold a defendant bank (“Bank”) liable for a payment it received within 90 days of a debtor's bankruptcy, held the U.S. Court of Appeals for the ...