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Limits For An Equitable Subordination Claim

Law360 (November 20, 2008, 12:00 AM EST) -- Section 510(c) of the Bankruptcy Code codified case law under the Bankruptcy Act of 1898 to specifically provide that "principles of equitable subordination" may be used to "subordinate for purposes of distribution" all or part of one claim/equity interest to all or part of another claim/equity interest....

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