Eighth Circuit Upholds Availability of “New Value” Defense in Three-Party Creditor Relationships

In a recent decision, LGI Energy Solutions, Inc. v. Stoebner, 2014 US App LEXIS 5227 (8th Cir Mar 20, 2014), the United States Court of Appeals for the Eighth Circuit held that, in a three-party relationship in which a debtor’s otherwise preferential transfers to a third-party benefit the debtor’s primary creditor, new value coming from… Continue reading Eighth Circuit Upholds Availability of “New Value” Defense in Three-Party Creditor Relationships