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

Creditors May Not Use Earmarking For Refinancing Debt

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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