Table of Contents

• Jurisdiction: United States

Table of Contents

Chapter 1: Introduction.......................................................1

Venue........................................................................3

Trustee's Burden of Proof..........................................3

Defenses to Preference Actions..................................6

Chapter 2: General Observations........................................11

Chapter 3: The "Ordinary Course of Business" Defense Under § 547(c)(2).................................................15

The Statute...............................................................16

First Circuit.............................................................17

Second Circuit.........................................................19

Third Circuit............................................................20

Fourth Circuit..........................................................24

Fifth Circuit.............................................................25

Sixth Circuit............................................................29

Seventh Circuit........................................................34

Eighth Circuit..........................................................40

Ninth Circuit...........................................................45

Tenth Circuit...........................................................49

Eleventh Circuit.......................................................51

D.C. Circuit............................................................55

Ponzi Schemes..........................................................55

Chapter 4: Contemporaneous Exchange.............................57

The Statute...............................................................58

First Circuit.............................................................58

Second Circuit.........................................................60

Third Circuit............................................................65

Fourth Circuit..........................................................71

Fifth Circuit.............................................................74

Sixth Circuit............................................................77

Seventh Circuit........................................................79

Eighth Circuit..........................................................83

Ninth Circuit...........................................................89

Tenth Circuit...........................................................95

Eleventh Circuit..........................