- 11 U.S.C.
In re Insilco Techs. Inc.
Mar
20
2007
Ruling
Terms of settlement agreement conceding that debts owed to non-participating lenders were allowable claims barred trustee's action for recharacterization and equitable subordination.
Procedural posture
Appellant trustee appealed from the District Court for the District of Delaware which dismissed the trustee's objections to a proof of claim. The appeal arose out of the 11 U.S.C. § 502 claim allowance process in debtor's chapter 11 bankruptcy liquidation and the question was whether the trustee could bring a recharacterization action and an equitable subordination action under 11 U.S.C. § 510(c)(1) against certain lenders.
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