equitable subordination in a sentence
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- The IRS also argued that a judge's power of equitable subordination should only apply when a court finds that legal misconduct or other wrongdoing created a debt that would normally get high priority.
- The court, however, said that power-- known as " equitable subordination "-- doesn't give judges the authority to completely ignore the bankruptcy law's classification system, which specifically put tax penalties in the top-priority category.
- In certain circumstances, that jurisprudence has also held that, while subrogation may normally render payment of a debt by a guarantor outside the scope of marshalling, equitable subordination may bring the assets of a guarantor within its reach.
- While equitable subordination is authorized under as a remedy to ensure that creditors acting in bad faith will not be paid until other valid creditors are paid in full, the " Bankruptcy Code " does not explicitly provide for a similar " equitable disallowance " remedy with respect to debtors acting in bad faith.
- It's difficult to see equitable subordination in a sentence .
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