California Court of Appeal

In contracts action, arising after plaintiff's recovery on a settlement agreement with defendants was surrendered as a preferential payment after one declared bankruptcy, the trial court's entry of judgment for plaintiff is affirmed where a debt of a contractual co-obligor is not extinguished by another co-obligor's pre-bankruptcy payment to a creditor that is later determined to be a bankruptcy preference.

Appellate Information

• Published 2016/08/11

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• HUMES

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• California Court of Appeal

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