The chapter 11 debtor in possession objected to the claims of one of its former members and asked the court to disallow the claims, equitably subordinate the claims, or recharacterize the claims as equity. The court overruled the objection to two of the three claims but partially granted the objection to an amendment to one proof of claim that did not relate back. The court declined to equitably subordinate or recharacterize the claims.
Wednesday, November 5, 2014
Chapter 11 Issues