Court Pulls Carpet Out from Under Trustee’s Preference Claim

The Eleventh Circuit sided with the Third Circuit in finding that a creditor’s administrative claim under 11 U.S.C. § 503(b)(9) does not offset its new value defense pursuant to 11 U.S.C. § 547(c)(4).  Auriga Polymers Inc. v. PMCM2, LLC as…