In Re Mid-Town Produce Terminal, Inc., Bankrupt. G. J. Sinclair v. James R. Barr, Trustee

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that, “loans by majority shareholders will not be subordinated to claims of other creditors absent inequitable conduct.... To hold that the debt may be subordinated on that basis alone would discourage owners from trying to salvage a business.”
• “Because there is incentive and opportunity to take advantage, dominant shareholders and other insiders’ loans in a bankruptcy situation are subject to special scrutiny.”
• similarly allocating the burden of proof

Source: CourtListener parenthetical corpus (CC0).