DIANE P. WOOD, Circuit Judge.
The bankruptcy laws generally permit a creditor to offset, on a dollar-for-dollar basis, a debt it owes to the bankrupt party against a pre-commencement debt that the bankrupt owed to the creditor. See 11 U.S.C. § 553(a). There are circumstances under which setoff will be denied — fraud, collusion, and the like — but nothing in the statute suggests that the simple fact that the creditor is the United States is one of...
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