Fairchild Dornier GmbH v. Official Comm. of Unsecured Creditors
Jun
27
2006
Ruling
Bankruptcy court properly declined to recharacterize claim for reasons other than disallowance or equitable subordination.
Procedural posture
Appellant, the parent corporation of a bankrupt subsidiary debtor, sought review of a judgment from the District Court for the Eastern District of Virginia affirming the bankruptcy court's recharacterization of the parent corporation's sale of automobile parts to the debtor as an equity contribution rather than a debt.
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