Ninth Circuit Affirms Mandatory Subordination of Investor's Securities Claim in Individual Debtor's Reorganization Case by Michael L. Cook (PDF)
This article discusses a recent U.S. Court of Appeals for the Ninth Circuit decision affirming the mandatory subordination of an investor's security claim in a debtor's reorganization, which is another example of the obstacles facing individual Chapter 11 debtors.
Michael L. Cook, of counsel at Schulte Roth & Zabel LLP, served as a partner in the New York office for 16 years, devoting his practice to business reorganization and creditors' rights litigation, including mediation and arbitration. His clients include lenders, acquirers, trustees, creditors' committees, troubled companies, and professional firms. A frequent contributor to major publications, Michael is on the editorial boards of Pratt's Journal of Bankruptcy Law and The Bankruptcy Strategist, is a contributing author to Collier Bankruptcy Guide (rev. ed., Matthew Bender, 2010) and Collier on Bankruptcy (15th rev. ed., 2003), and he co-authored Creditors' Rights, Debtors' Protection and Bankruptcy (3rd ed., Matthew Bender, 1997). Michael served for 26 years as an Adjunct Professor at New York University School of Law, teaching courses on creditors' rights, debtors' protection, and bankruptcy. He received his A.B. from Columbia University and his J.D. from New York University School of Law. He may be contacted at firstname.lastname@example.org.
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