Riley v. Tencara LLC (In re Wolverine Proctor & Schwartz LLC)
Jan
21
2011
Ruling
Creditor's claim characterized as debt and could not be equitably subordinated absent evidence of injurious conduct.
Procedural posture
Chapter 7 trustee filed an action against creditor seeking to recharacterize the creditor's secured debt as equity or, in the alternative, to equitably subordinate its claim to those of all other creditors under 11 U.S.C.S. § 510(c).
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Court
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