Silliman v. Muria (In re United Funding Mortg. Corp.)
Aug
09
2012
Ruling
Claim filed by owners of 100 percent of debtor's preferred capital stock for fraud or rescission subordinated to claims of other creditors.
Procedural posture
Movant trustee asked the court to grant summary judgment on its adversary complaint to subordinate certain claims filed by defendants, the owners of 100% of the preferred capital stock of debtor, to the claims of other creditors as per 11 U.S.C.S. § 510(b). Defendants did not file in opposition to the motion.
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Court
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