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What is Bankruptcy Preference Payments Case about?

This case concerns whether certain payments made by a debtor, Maxway Corporation, to its creditor, Advo-System, Inc., within 90 days of Maxway filing for bankruptcy are avoidable preferences or fall under the ordinary course of business exception. The bankruptcy court and district court held that the payments were avoidable preferences because Advo could not satisfy all elements of the ordinary course of business exception under Section 547(c)(2) of the Bankruptcy Code. On appeal, the Fourth Circuit conside

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