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One of the fundamental goals of the Bankruptcy Code is the fair and equitable distribution of a debtor's estate among the debtor's creditors. Subordination of a claim alters the priority of a claim so that in most cases, the claim receives a distribution only after all other creditors have been paid. In re Alta+Cast addresses subordination by agreement and mandatory subordination of claims arising out of securities transactions.
November 14, 2003 at 12:00 AM
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The original version of this story was published on Law.Com
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