Bankruptcy – Administrative Claim; Subordination; Criminal Conviction

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Bankruptcy – Administrative Claim; Subordination; Criminal Conviction

Posted: 1:00 am Mon, July 13, 2009
By Finance and Commerce Staff
Tags: Bankruptcy

Where a bankruptcy court granted a motion to vacate its order subordinating a debtor’s administrative claim to all other creditor claims, the court had equitable discretion to modify the prospective application of the subordination order after the criminal conviction on which the subordination order was based was reversed. Affirmed.

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Bankruptcy – Administrative Claim; Subordination; Criminal Conviction

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