28 U.S.C. § 3307: Defenses, liability, and protection of trans­feree

A transfer or obligation is not voidable under section 3304(b) with respect to a person who took in good faith and for a reasonably equivalent value or against any transferee or obligee subsequent to such person. the first transferee of the asset or the person for whose benefit the transfer was made; or any subsequent transferee, other than a good faith transferee who took for value or any subsequent transferee of such good-faith transferee. For purposes of subsection (b), the value of the asset is the value of the asset at the time of the transfer, subject to adjustment as the equities may require. a lien on or a right to retain any interest in the asset transferred; enforcement of any obligation incurred; or a reduction in the amount of the liability on the judgment. termination of a lease upon default by the debtor when the termination is pursuant to the lease and applicable law; or enforcement of a security interest in compliance with article 9 of the Uniform Commercial Code or its equivalent in effect in the State where the property is located. to the extent the insider gives new value to or for the benefit of the debtor after the transfer is made unless the new value is secured by a valid lien; if made in the ordinary course of business or financial affairs of the debtor and the insider; or if made pursuant to a good-faith effort to rehabilitate the debtor and the transfer secured both present value given for that purpose and an antecedent debt of the debtor.