![new-value-defense-650x510](https://www.thompsoncoburn.com/images/default-source/blogs/new-value-defense-650x510.jpg?sfvrsn=7cd24aea_4)
New value is an important defense to preference liability under the Bankruptcy Code. In a very important decision, the Eighth Circuit recently addressed how the new value defense to preference liability should be applied in three-party payment arrangement. READ MORE