Venezuela let off the hook for expropriating assets.
Split decision refuses to invoke ‘equity’ to override a policy choice made by Congress.
Restitution payment does not qualify for the new value preference defense.
Insiders were protected in making loans to a failing company.
A ‘no harm, no foul’ stay violation is harmless error.
Three circuits permit collection of criminal restitution despite the automatic stay.
Criminal forfeiture and bankruptcy protect different interests, district judge says.