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SI Restructuring Inc. v. Faulkner (In re SI Restructuring Inc.)

SI Restructuring Inc. v. Faulkner (In re SI Restructuring Inc.)

Ruling
Equitable subordination of secured claims reversed.
Procedural posture

Appellants sought review of an order of the District Court for the Western District of Texas, San Antonio Division, affirming a bankruptcy court's order invoking equitable subordination pursuant to 11 U.S.C.S. § 510(c), which effectively converted secured claims filed by appellants to unsecured claims for the purpose of any distributions.

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Court :
Judge or Jurisdiction information not available
Commercial opinion summary, case decided on June 20, 2008 , LexisNexis #0708-099