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: Banking Law Prof Blog

Banks and the Right of Setoff - Lehman Brothers Bankruptcy Illustrates a Potential Pitfall

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Established law says that even after a bankruptcy petition is filed, a bank may have the right to offset amounts in an account owned by the debtor against loans the same debtor owes to the bank -- WITH APPROVAL OF...

Full post as published by Banking Law Prof Blog on July 06, 2009 (boomark / email).

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