United States Fourth Circuit

A creditor is entitled to offset preference payments through the extension of new value to the debtor so long as the debtor does not make an otherwise unavoidable transfer on account of the new value.

Appellate Information

• Argued 05/27/2005
• Decided 06/22/2005
• Published 06/22/2005

Judges

• Before LUTTIG, MICHAEL, and TRAXLER, Circuit Judges.

Court

• United States Fourth Circuit

Counsel

• For Appellees:
  
• ARGUED:  George Richard Pitts, Dickstein, Shapiro, Morin & Oshinsky, L.L.P., Washington, D.C., for Appellant.  Joel S. Aronson, Ridberg, Sherbill & Aronson, L.L.P., Bethesda, Maryland, for Appellee.   ON BRIEF:  Janet R. Fallon, Dickstein, Shapiro, Morin & Oshinsky, L.L.P., Washington, D.C., for Appellant.  Theodore R. Goldstock, Jennifer B. Wellman, Ridberg, Sherbill & Aronson, L.L.P., Bethesda, Maryland, for Appellee.