Creditors May Not Use Earmarking For Refinancing Debt
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Creditors May Not Use Earmarking For Refinancing Debt

Description:
Chase Manhattan Mortgage Corp. v. Shapiro; A creditor who refinances a debt owed to that creditor may not use the earmarking defense in an action to avoid a lien created by that debt as a preferential transfer; bona fide purchaser; earmark.

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