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Codeuvta08fdefensepreference
Site.Codeuvta08fdefensepreference History
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§ 8(f) A transfer is not voidable under Section 5(b):
->(1) to the extent the insider gave new value to or for the benefit of the debtor after the transfer was made, except to the extent the new value was secured by a valid lien;
->(2) if made in the ordinary course of business or financial affairs of the debtor and the insider; or
->(3) if made pursuant to a good-faith effort to rehabilitate the debtor and the transfer secured present value given for that purpose as well as an antecedent debt of the debtor.
->(1) to the extent the insider gave new value to or for the benefit of the debtor after the transfer was made, except to the extent the new value was secured by a valid lien;
->(2) if made in the ordinary course of business or financial affairs of the debtor and the insider; or
->(3) if made pursuant to a good-faith effort to rehabilitate the debtor and the transfer secured present value given for that purpose as well as an antecedent debt of the debtor.