Practice Area:Bankruptcy / Debt
Outcome:My client prevailed at the 7th Circuit after the bankruptcy court and the district court ruled against my client and we appealed to the 7th Circuit.
Description:Seventh Circuit Court of Appeals case. The issue was the equitable subordination of claims in asset bankruptcy cases. Argued before Posner, Sykes and Evans. The Appeals Court ruled in my client's favor and the decision clarified the requirements for equitable subordination of claims in asset bankruptcy cases.