July 30, 2014
- 51 Bankruptcy
- 51VII Claims
- 51VII(A) In General
- 51k2827 k. Claims by Insiders and by Attorneys in Excess of Value.
When a corporation becomes bankrupt, the temptation to lay aside the garb of a stockholder, on one pretense or another, and to assume the role of a creditor, is very strong, and all attempts of that kind should be viewed with suspicion.
In re Arcapita Bank B.S.C.(c), 508 B.R. 814 (S.D.N.Y. 2014)
Suggested by Barbara A. Bozonie, Principal Attorney Editor; Thomson Reuters; Eagan, Minn.