id sid tid token lemma pos inlawrev-3354 1 1 indiana indiana PROPN inlawrev-3354 1 2 law law PROPN inlawrev-3354 1 3 review review PROPN inlawrev-3354 1 4 1998 1998 NUM inlawrev-3354 1 5 bankruptcy bankruptcy NOUN inlawrev-3354 1 6 law law NOUN inlawrev-3354 1 7 update update NOUN inlawrev-3354 1 8 for for ADP inlawrev-3354 1 9 seventh seventh ADJ inlawrev-3354 1 10 circuit circuit NOUN inlawrev-3354 1 11 practitioners practitioner NOUN inlawrev-3354 2 1 timothy timothy PROPN inlawrev-3354 2 2 a. a. PROPN inlawrev-3354 2 3 ogden ogden PROPN inlawrev-3354 2 4 * * PUNCT inlawrev-3354 2 5 introduction introduction NOUN inlawrev-3354 2 6 the the DET inlawrev-3354 2 7 seventh seventh ADJ inlawrev-3354 2 8 circuit circuit NOUN inlawrev-3354 2 9 court court NOUN inlawrev-3354 2 10 ofappeals ofappeal NOUN inlawrev-3354 2 11 wrote write VERB inlawrev-3354 2 12 a a DET inlawrev-3354 2 13 number number NOUN inlawrev-3354 2 14 of of ADP inlawrev-3354 2 15 interesting interesting ADJ inlawrev-3354 2 16 , , PUNCT inlawrev-3354 2 17 and and CCONJ inlawrev-3354 2 18 in in ADP inlawrev-3354 2 19 some some DET inlawrev-3354 2 20 cases case NOUN inlawrev-3354 2 21 entertaining entertaining ADJ inlawrev-3354 2 22 , , PUNCT inlawrev-3354 2 23 decisions decision NOUN inlawrev-3354 2 24 in in ADP inlawrev-3354 2 25 the the DET inlawrev-3354 2 26 area area NOUN inlawrev-3354 2 27 of of ADP inlawrev-3354 2 28 bankruptcy bankruptcy NOUN inlawrev-3354 2 29 law law NOUN inlawrev-3354 2 30 . . PUNCT inlawrev-3354 3 1 this this DET inlawrev-3354 3 2 article article NOUN inlawrev-3354 3 3 examines examine VERB inlawrev-3354 3 4 some some PRON inlawrev-3354 3 5 of of ADP inlawrev-3354 3 6 those those DET inlawrev-3354 3 7 decisions decision NOUN inlawrev-3354 3 8 . . PUNCT inlawrev-3354 4 1 i. i. PROPN inlawrev-3354 4 2 equitable equitable ADJ inlawrev-3354 4 3 subordination subordination NOUN inlawrev-3354 4 4 of of ADP inlawrev-3354 4 5 claims claim NOUN inlawrev-3354 4 6 in in ADP inlawrev-3354 4 7 re re NOUN inlawrev-3354 4 8 lifschultz lifschultz NOUN inlawrev-3354 4 9 fast fast ADJ inlawrev-3354 4 10 freight^ freight^ PROPN inlawrev-3354 4 11 involved involve VERB inlawrev-3354 4 12 a a DET inlawrev-3354 4 13 request request NOUN inlawrev-3354 4 14 by by ADP inlawrev-3354 4 15 the the DET inlawrev-3354 4 16 bankruptcy bankruptcy NOUN inlawrev-3354 4 17 trustee trustee NOUN inlawrev-3354 4 18 to to PART inlawrev-3354 4 19 equitably equitably ADV inlawrev-3354 4 20 subordinate subordinate VERB inlawrev-3354 4 21 a a DET inlawrev-3354 4 22 creditor creditor NOUN inlawrev-3354 4 23 's 's PART inlawrev-3354 4 24 secured secure VERB inlawrev-3354 4 25 claim claim NOUN inlawrev-3354 4 26 .^ .^ PUNCT inlawrev-3354 5 1 the the DET inlawrev-3354 5 2 bankruptcy bankruptcy NOUN inlawrev-3354 5 3 court court NOUN inlawrev-3354 5 4 denied deny VERB inlawrev-3354 5 5 this this DET inlawrev-3354 5 6 request request NOUN inlawrev-3354 5 7 , , PUNCT inlawrev-3354 5 8 but but CCONJ inlawrev-3354 5 9 the the DET inlawrev-3354 5 10 district district NOUN inlawrev-3354 5 11 court court NOUN inlawrev-3354 5 12 reversed reverse VERB inlawrev-3354 5 13 and and CCONJ inlawrev-3354 5 14 remanded.^ remanded.^ NOUN inlawrev-3354 5 15 the the DET inlawrev-3354 5 16 issue issue NOUN inlawrev-3354 5 17 on on ADP inlawrev-3354 5 18 appeal appeal NOUN inlawrev-3354 5 19 was be AUX inlawrev-3354 5 20 whether whether SCONJ inlawrev-3354 5 21 the the DET inlawrev-3354 5 22 bankruptcy bankruptcy NOUN inlawrev-3354 5 23 court court NOUN inlawrev-3354 5 24 could could AUX inlawrev-3354 5 25 exercise exercise VERB inlawrev-3354 5 26 its its PRON inlawrev-3354 5 27 power power NOUN inlawrev-3354 5 28 of of ADP inlawrev-3354 5 29 equitable equitable ADJ inlawrev-3354 5 30 subordination subordination NOUN inlawrev-3354 5 31 based base VERB inlawrev-3354 5 32 on on ADP inlawrev-3354 5 33 the the DET inlawrev-3354 5 34 debtor debtor NOUN inlawrev-3354 5 35 's 's PART inlawrev-3354 5 36 purported purport VERB inlawrev-3354 5 37 undercapitalization undercapitalization NOUN inlawrev-3354 5 38 . . PUNCT inlawrev-3354 6 1 "^ "^ PUNCT inlawrev-3354 6 2 in in ADP inlawrev-3354 6 3 this this DET inlawrev-3354 6 4 case case NOUN inlawrev-3354 6 5 , , PUNCT inlawrev-3354 6 6 lifschultz lifschultz NOUN inlawrev-3354 6 7 fast fast ADJ inlawrev-3354 6 8 freight freight NOUN inlawrev-3354 6 9 corporation corporation NOUN inlawrev-3354 6 10 ( ( PUNCT inlawrev-3354 6 11 the the DET inlawrev-3354 6 12 " " PUNCT inlawrev-3354 6 13 debtor debtor NOUN inlawrev-3354 6 14 " " PUNCT inlawrev-3354 6 15 ) ) PUNCT inlawrev-3354 6 16 , , PUNCT inlawrev-3354 6 17 developed develop VERB inlawrev-3354 6 18 from from ADP inlawrev-3354 6 19 another another DET inlawrev-3354 6 20 company company NOUN inlawrev-3354 6 21 , , PUNCT inlawrev-3354 6 22 lifschultz lifschultz ADV inlawrev-3354 6 23 fast fast ADJ inlawrev-3354 6 24 freight freight NOUN inlawrev-3354 6 25 , , PUNCT inlawrev-3354 6 26 inc inc PROPN inlawrev-3354 6 27 . . PROPN inlawrev-3354 6 28 ( ( PUNCT inlawrev-3354 6 29 " " PUNCT inlawrev-3354 6 30 lffi lffi ADJ inlawrev-3354 6 31 " " PUNCT inlawrev-3354 6 32 ) ) PUNCT inlawrev-3354 6 33 , , PUNCT inlawrev-3354 6 34 which which PRON inlawrev-3354 6 35 had have AUX inlawrev-3354 6 36 operated operate VERB inlawrev-3354 6 37 in in ADP inlawrev-3354 6 38 the the DET inlawrev-3354 6 39 shipping shipping NOUN inlawrev-3354 6 40 industry industry NOUN inlawrev-3354 6 41 since since SCONJ inlawrev-3354 6 42 the the DET inlawrev-3354 6 43 beginning beginning NOUN inlawrev-3354 6 44 of of ADP inlawrev-3354 6 45 the the DET inlawrev-3354 6 46 century.^ century.^ PRON inlawrev-3354 6 47 lffi lffi AUX inlawrev-3354 6 48 suffered suffer VERB inlawrev-3354 6 49 tremendous tremendous ADJ inlawrev-3354 6 50 losses loss NOUN inlawrev-3354 6 51 in in ADP inlawrev-3354 6 52 the the DET inlawrev-3354 6 53 late late ADJ inlawrev-3354 6 54 1980s 1980 NOUN inlawrev-3354 6 55 ( ( PUNCT inlawrev-3354 6 56 which which PRON inlawrev-3354 6 57 approached approach VERB inlawrev-3354 6 58 $ $ SYM inlawrev-3354 6 59 5.5 5.5 NUM inlawrev-3354 6 60 million million NUM inlawrev-3354 6 61 in in ADP inlawrev-3354 6 62 1989 1989 NUM inlawrev-3354 6 63 ) ) PUNCT inlawrev-3354 6 64 . . PUNCT inlawrev-3354 7 1 in in ADP inlawrev-3354 7 2 an an DET inlawrev-3354 7 3 effort effort NOUN inlawrev-3354 7 4 to to PART inlawrev-3354 7 5 save save VERB inlawrev-3354 7 6 the the DET inlawrev-3354 7 7 business business NOUN inlawrev-3354 7 8 , , PUNCT inlawrev-3354 7 9 the the DET inlawrev-3354 7 10 owners owner NOUN inlawrev-3354 7 11 established establish VERB inlawrev-3354 7 12 the the DET inlawrev-3354 7 13 company company NOUN inlawrev-3354 7 14 that that PRON inlawrev-3354 7 15 would would AUX inlawrev-3354 7 16 become become VERB inlawrev-3354 7 17 the the DET inlawrev-3354 7 18 debtor debtor NOUN inlawrev-3354 7 19 . . PUNCT inlawrev-3354 8 1 five five NUM inlawrev-3354 8 2 individuals individual NOUN inlawrev-3354 8 3 ( ( PUNCT inlawrev-3354 8 4 the the DET inlawrev-3354 8 5 " " PUNCT inlawrev-3354 8 6 insiders insider NOUN inlawrev-3354 8 7 " " PUNCT inlawrev-3354 8 8 ) ) PUNCT inlawrev-3354 8 9 held hold VERB inlawrev-3354 8 10 eighty eighty NUM inlawrev-3354 8 11 percent percent NOUN inlawrev-3354 8 12 of of ADP inlawrev-3354 8 13 the the DET inlawrev-3354 8 14 debtor debtor NOUN inlawrev-3354 8 15 's 's PART inlawrev-3354 8 16 stock stock NOUN inlawrev-3354 8 17 , , PUNCT inlawrev-3354 8 18 and and CCONJ inlawrev-3354 8 19 lffi lffi AUX inlawrev-3354 8 20 held hold VERB inlawrev-3354 8 21 the the DET inlawrev-3354 8 22 remaining remain VERB inlawrev-3354 8 23 twenty twenty NUM inlawrev-3354 8 24 percent.^ percent.^ NOUN inlawrev-3354 8 25 from from ADP inlawrev-3354 8 26 the the DET inlawrev-3354 8 27 outset outset NOUN inlawrev-3354 8 28 , , PUNCT inlawrev-3354 8 29 the the DET inlawrev-3354 8 30 debtor debtor NOUN inlawrev-3354 8 31 was be AUX inlawrev-3354 8 32 cash cash NOUN inlawrev-3354 8 33 poor poor ADJ inlawrev-3354 8 34 . . PUNCT inlawrev-3354 9 1 thus thus ADV inlawrev-3354 9 2 , , PUNCT inlawrev-3354 9 3 just just ADV inlawrev-3354 9 4 weeks week NOUN inlawrev-3354 9 5 after after ADP inlawrev-3354 9 6 its its PRON inlawrev-3354 9 7 inception inception NOUN inlawrev-3354 9 8 , , PUNCT inlawrev-3354 9 9 one one NUM inlawrev-3354 9 10 of of ADP inlawrev-3354 9 11 the the DET inlawrev-3354 9 12 insiders insider NOUN inlawrev-3354 9 13 ' ' PART inlawrev-3354 9 14 affiliated affiliated ADJ inlawrev-3354 9 15 companies company NOUN inlawrev-3354 9 16 , , PUNCT inlawrev-3354 9 17 salson salson PROPN inlawrev-3354 9 18 express express PROPN inlawrev-3354 9 19 , , PUNCT inlawrev-3354 9 20 entered enter VERB inlawrev-3354 9 21 into into ADP inlawrev-3354 9 22 a a DET inlawrev-3354 9 23 secured secure VERB inlawrev-3354 9 24 loan loan NOUN inlawrev-3354 9 25 agreement agreement NOUN inlawrev-3354 9 26 with with ADP inlawrev-3354 9 27 the the DET inlawrev-3354 9 28 debtor debtor NOUN inlawrev-3354 9 29 . . PUNCT inlawrev-3354 10 1 essentially essentially ADV inlawrev-3354 10 2 , , PUNCT inlawrev-3354 10 3 three three NUM inlawrev-3354 10 4 of of ADP inlawrev-3354 10 5 the the DET inlawrev-3354 10 6 insiders insider NOUN inlawrev-3354 10 7 offered offer VERB inlawrev-3354 10 8 personal personal ADJ inlawrev-3354 10 9 guarantees guarantee NOUN inlawrev-3354 10 10 for for ADP inlawrev-3354 10 11 money money NOUN inlawrev-3354 10 12 they they PRON inlawrev-3354 10 13 borrowed borrow VERB inlawrev-3354 10 14 from from ADP inlawrev-3354 10 15 first first PROPN inlawrev-3354 10 16 fidelity fidelity PROPN inlawrev-3354 10 17 bank bank PROPN inlawrev-3354 10 18 . . PUNCT inlawrev-3354 11 1 they they PRON inlawrev-3354 11 2 then then ADV inlawrev-3354 11 3 lent lend VERB inlawrev-3354 11 4 that that DET inlawrev-3354 11 5 money money NOUN inlawrev-3354 11 6 to to ADP inlawrev-3354 11 7 salson salson PROPN inlawrev-3354 11 8 express express PROPN inlawrev-3354 11 9 , , PUNCT inlawrev-3354 11 10 which which PRON inlawrev-3354 11 11 in in ADP inlawrev-3354 11 12 turn turn NOUN inlawrev-3354 11 13 lent lend VERB inlawrev-3354 11 14 the the DET inlawrev-3354 11 15 money money NOUN inlawrev-3354 11 16 to to ADP inlawrev-3354 11 17 the the DET inlawrev-3354 11 18 debtor debtor NOUN inlawrev-3354 11 19 . . PUNCT inlawrev-3354 12 1 within within ADP inlawrev-3354 12 2 one one NUM inlawrev-3354 12 3 month month NOUN inlawrev-3354 12 4 , , PUNCT inlawrev-3354 12 5 the the DET inlawrev-3354 12 6 debtor debtor NOUN inlawrev-3354 12 7 had have AUX inlawrev-3354 12 8 borrowed borrow VERB inlawrev-3354 12 9 more more ADJ inlawrev-3354 12 10 than than ADP inlawrev-3354 12 11 $ $ SYM inlawrev-3354 12 12 862,000 862,000 NUM inlawrev-3354 12 13 from from ADP inlawrev-3354 12 14 salson salson NOUN inlawrev-3354 12 15 express.^ express.^ NOUN inlawrev-3354 12 16 significantly significantly ADV inlawrev-3354 12 17 , , PUNCT inlawrev-3354 12 18 the the DET inlawrev-3354 12 19 debtor debtor NOUN inlawrev-3354 12 20 also also ADV inlawrev-3354 12 21 obtained obtain VERB inlawrev-3354 12 22 another another DET inlawrev-3354 12 23 $ $ SYM inlawrev-3354 12 24 1 1 NUM inlawrev-3354 12 25 million million NUM inlawrev-3354 12 26 * * PUNCT inlawrev-3354 12 27 partner partner PROPN inlawrev-3354 12 28 , , PUNCT inlawrev-3354 12 29 ogden ogden PROPN inlawrev-3354 12 30 & & CCONJ inlawrev-3354 12 31 ogden ogden PROPN inlawrev-3354 12 32 , , PUNCT inlawrev-3354 12 33 llp llp PROPN inlawrev-3354 12 34 , , PUNCT inlawrev-3354 12 35 warsaw warsaw PROPN inlawrev-3354 12 36 . . PUNCT inlawrev-3354 13 1 associate associate PROPN inlawrev-3354 13 2 professor professor NOUN inlawrev-3354 13 3 , , PUNCT inlawrev-3354 13 4 accounting accounting NOUN inlawrev-3354 13 5 and and CCONJ inlawrev-3354 13 6 business business NOUN inlawrev-3354 13 7 , , PUNCT inlawrev-3354 13 8 manchester manchester PROPN inlawrev-3354 13 9 college college PROPN inlawrev-3354 13 10 . . PUNCT inlawrev-3354 14 1 b.a b.a PROPN inlawrev-3354 14 2 . . PROPN inlawrev-3354 14 3 , , PUNCT inlawrev-3354 14 4 with with ADP inlawrev-3354 14 5 distinction distinction NOUN inlawrev-3354 14 6 , , PUNCT inlawrev-3354 14 7 1987 1987 NUM inlawrev-3354 14 8 , , PUNCT inlawrev-3354 14 9 manchester manchester PROPN inlawrev-3354 14 10 college college PROPN inlawrev-3354 14 11 ; ; PUNCT inlawrev-3354 14 12 m.b.a m.b.a NOUN inlawrev-3354 14 13 . . PROPN inlawrev-3354 14 14 , , PUNCT inlawrev-3354 14 15 1989 1989 NUM inlawrev-3354 14 16 , , PUNCT inlawrev-3354 14 17 peter peter PROPN inlawrev-3354 14 18 f. f. PROPN inlawrev-3354 14 19 drucker drucker PROPN inlawrev-3354 14 20 graduate graduate PROPN inlawrev-3354 14 21 management management NOUN inlawrev-3354 14 22 center center NOUN inlawrev-3354 14 23 , , PUNCT inlawrev-3354 14 24 claremont claremont PROPN inlawrev-3354 14 25 graduate graduate PROPN inlawrev-3354 14 26 school school NOUN inlawrev-3354 14 27 ; ; PUNCT inlawrev-3354 14 28 j.d j.d PROPN inlawrev-3354 14 29 . . PROPN inlawrev-3354 14 30 , , PUNCT inlawrev-3354 14 31 summa summa PROPN inlawrev-3354 14 32 cum cum NOUN inlawrev-3354 14 33 iaude iaude NOUN inlawrev-3354 14 34 , , PUNCT inlawrev-3354 14 35 1996 1996 NUM inlawrev-3354 14 36 , , PUNCT inlawrev-3354 14 37 indiana indiana PROPN inlawrev-3354 14 38 university university PROPN inlawrev-3354 14 39 . . PUNCT inlawrev-3354 15 1 1 1 NUM inlawrev-3354 15 2 . . X inlawrev-3354 15 3 132f.3d339(7thcir 132f.3d339(7thcir NUM inlawrev-3354 15 4 . . PUNCT inlawrev-3354 16 1 1997 1997 NUM inlawrev-3354 16 2 ) ) PUNCT inlawrev-3354 16 3 . . PUNCT inlawrev-3354 17 1 2 2 X inlawrev-3354 17 2 . . PUNCT inlawrev-3354 17 3 " " PUNCT inlawrev-3354 17 4 equitable equitable ADJ inlawrev-3354 17 5 subordination subordination NOUN inlawrev-3354 17 6 of of ADP inlawrev-3354 17 7 a a DET inlawrev-3354 17 8 claim claim NOUN inlawrev-3354 17 9 moves move VERB inlawrev-3354 17 10 the the DET inlawrev-3354 17 11 creditor creditor NOUN inlawrev-3354 17 12 down down ADP inlawrev-3354 17 13 in in ADP inlawrev-3354 17 14 the the DET inlawrev-3354 17 15 order order NOUN inlawrev-3354 17 16 of of ADP inlawrev-3354 17 17 payment payment NOUN inlawrev-3354 17 18 out out ADP inlawrev-3354 17 19 of of ADP inlawrev-3354 17 20 the the DET inlawrev-3354 17 21 assets asset NOUN inlawrev-3354 17 22 in in ADP inlawrev-3354 17 23 the the DET inlawrev-3354 17 24 bankruptcy bankruptcy NOUN inlawrev-3354 17 25 estate estate NOUN inlawrev-3354 17 26 , , PUNCT inlawrev-3354 17 27 generally generally ADV inlawrev-3354 17 28 reducing reduce VERB inlawrev-3354 17 29 ( ( PUNCT inlawrev-3354 17 30 or or CCONJ inlawrev-3354 17 31 eliminating eliminate VERB inlawrev-3354 17 32 ) ) PUNCT inlawrev-3354 17 33 the the DET inlawrev-3354 17 34 amount amount NOUN inlawrev-3354 17 35 the the DET inlawrev-3354 17 36 creditor creditor NOUN inlawrev-3354 17 37 can can AUX inlawrev-3354 17 38 recover recover VERB inlawrev-3354 17 39 . . PUNCT inlawrev-3354 17 40 " " PUNCT inlawrev-3354 18 1 i i PRON inlawrev-3354 18 2 d. d. PROPN inlawrev-3354 18 3 at at ADP inlawrev-3354 18 4 34l 34l NUM inlawrev-3354 18 5 after after ADP inlawrev-3354 18 6 notice notice NOUN inlawrev-3354 18 7 and and CCONJ inlawrev-3354 18 8 a a DET inlawrev-3354 18 9 hearing hearing NOUN inlawrev-3354 18 10 , , PUNCT inlawrev-3354 18 11 the the DET inlawrev-3354 18 12 court court NOUN inlawrev-3354 18 13 may may AUX inlawrev-3354 18 14 " " PUNCT inlawrev-3354 18 15 under under ADP inlawrev-3354 18 16 principles principle NOUN inlawrev-3354 18 17 of of ADP inlawrev-3354 18 18 equitable equitable ADJ inlawrev-3354 18 19 subordination subordination NOUN inlawrev-3354 18 20 , , PUNCT inlawrev-3354 18 21 subordinate subordinate ADJ inlawrev-3354 18 22 for for ADP inlawrev-3354 18 23 purposes purpose NOUN inlawrev-3354 18 24 of of ADP inlawrev-3354 18 25 distribution distribution NOUN inlawrev-3354 18 26 all all PRON inlawrev-3354 18 27 or or CCONJ inlawrev-3354 18 28 part part NOUN inlawrev-3354 18 29 of of ADP inlawrev-3354 18 30 an an DET inlawrev-3354 18 31 allowed allow VERB inlawrev-3354 18 32 claim claim NOUN inlawrev-3354 18 33 to to ADP inlawrev-3354 18 34 all all PRON inlawrev-3354 18 35 or or CCONJ inlawrev-3354 18 36 part part NOUN inlawrev-3354 18 37 of of ADP inlawrev-3354 18 38 another another DET inlawrev-3354 18 39 allowed allow VERB inlawrev-3354 18 40 claim claim NOUN inlawrev-3354 18 41 . . PUNCT inlawrev-3354 18 42 . . PUNCT inlawrev-3354 18 43 . . PUNCT inlawrev-3354 18 44 . . PUNCT inlawrev-3354 18 45 " " PUNCT inlawrev-3354 19 1 11 11 NUM inlawrev-3354 19 2 u.s.c u.s.c NOUN inlawrev-3354 19 3 . . PUNCT inlawrev-3354 20 1 § § PROPN inlawrev-3354 20 2 510(c)(1 510(c)(1 PROPN inlawrev-3354 20 3 ) ) PUNCT inlawrev-3354 20 4 ( ( PUNCT inlawrev-3354 20 5 1994 1994 NUM inlawrev-3354 20 6 ) ) PUNCT inlawrev-3354 20 7 . . PUNCT inlawrev-3354 21 1 3 3 X inlawrev-3354 21 2 . . X inlawrev-3354 21 3 in in ADP inlawrev-3354 21 4 re re NOUN inlawrev-3354 21 5 lifschultz lifschultz NOUN inlawrev-3354 21 6 , , PUNCT inlawrev-3354 21 7 132 132 NUM inlawrev-3354 21 8 f.3d f.3d NUM inlawrev-3354 21 9 at at ADP inlawrev-3354 21 10 341 341 NUM inlawrev-3354 21 11 . . NOUN inlawrev-3354 21 12 4 4 NUM inlawrev-3354 21 13 . . PUNCT inlawrev-3354 21 14 seeid2xm2 seeid2xm2 NOUN inlawrev-3354 21 15 > > X inlawrev-3354 21 16 . . PROPN inlawrev-3354 22 1 5 5 X inlawrev-3354 22 2 . . X inlawrev-3354 22 3 see see VERB inlawrev-3354 22 4 i i PRON inlawrev-3354 22 5 d d PROPN inlawrev-3354 22 6 at at ADP inlawrev-3354 22 7 342 342 NUM inlawrev-3354 22 8 . . PUNCT inlawrev-3354 23 1 6 6 NUM inlawrev-3354 23 2 . . X inlawrev-3354 23 3 see see VERB inlawrev-3354 23 4 i i PRON inlawrev-3354 23 5 d. d. PROPN inlawrev-3354 23 6 1 1 NUM inlawrev-3354 23 7 . . PUNCT inlawrev-3354 24 1 see see VERB inlawrev-3354 24 2 i i PRON inlawrev-3354 24 3 d. d. PROPN inlawrev-3354 24 4 614 614 NUM inlawrev-3354 24 5 indiana indiana PROPN inlawrev-3354 24 6 law law PROPN inlawrev-3354 24 7 review review NOUN inlawrev-3354 25 1 [ [ X inlawrev-3354 25 2 vol vol NOUN inlawrev-3354 25 3 . . PUNCT inlawrev-3354 25 4 32:613 32:613 NUM inlawrev-3354 25 5 through through ADP inlawrev-3354 25 6 a a DET inlawrev-3354 25 7 factoring factoring NOUN inlawrev-3354 25 8 agreement agreement NOUN inlawrev-3354 25 9 with with ADP inlawrev-3354 25 10 ambassador ambassador NOUN inlawrev-3354 25 11 factors.^ factors.^ PROPN inlawrev-3354 25 12 this this DET inlawrev-3354 25 13 new new ADJ inlawrev-3354 25 14 money money NOUN inlawrev-3354 25 15 permitted permit VERB inlawrev-3354 25 16 the the DET inlawrev-3354 25 17 debtor debtor NOUN inlawrev-3354 25 18 to to PART inlawrev-3354 25 19 pay pay VERB inlawrev-3354 25 20 off off ADP inlawrev-3354 25 21 all all PRON inlawrev-3354 25 22 but but CCONJ inlawrev-3354 25 23 $ $ SYM inlawrev-3354 25 24 300,000 300,000 NUM inlawrev-3354 25 25 of of ADP inlawrev-3354 25 26 the the DET inlawrev-3354 25 27 insiders insider NOUN inlawrev-3354 25 28 ' ' PART inlawrev-3354 25 29 secured secure VERB inlawrev-3354 25 30 loan.^ loan.^ PROPN inlawrev-3354 25 31 the the DET inlawrev-3354 25 32 insiders insider NOUN inlawrev-3354 25 33 filed file VERB inlawrev-3354 25 34 a a DET inlawrev-3354 25 35 claim claim NOUN inlawrev-3354 25 36 in in ADP inlawrev-3354 25 37 bankruptcy bankruptcy NOUN inlawrev-3354 25 38 for for ADP inlawrev-3354 25 39 the the DET inlawrev-3354 25 40 $ $ SYM inlawrev-3354 25 41 300,000 300,000 NUM inlawrev-3354 25 42 , , PUNCT inlawrev-3354 25 43 and and CCONJ inlawrev-3354 25 44 the the DET inlawrev-3354 25 45 trustee trustee NOUN inlawrev-3354 25 46 argued argue VERB inlawrev-3354 25 47 that that SCONJ inlawrev-3354 25 48 the the DET inlawrev-3354 25 49 secured secure VERB inlawrev-3354 25 50 interest interest NOUN inlawrev-3354 25 51 should should AUX inlawrev-3354 25 52 be be AUX inlawrev-3354 25 53 equitably equitably ADV inlawrev-3354 25 54 subordinated.^^ subordinated.^^ PUNCT inlawrev-3354 25 55 the the DET inlawrev-3354 25 56 bankruptcy bankruptcy NOUN inlawrev-3354 25 57 court court NOUN inlawrev-3354 25 58 concluded conclude VERB inlawrev-3354 25 59 that that SCONJ inlawrev-3354 25 60 the the DET inlawrev-3354 25 61 debtor debtor NOUN inlawrev-3354 25 62 had have AUX inlawrev-3354 25 63 not not PART inlawrev-3354 25 64 been be AUX inlawrev-3354 25 65 undercapitalized undercapitalized ADJ inlawrev-3354 25 66 and and CCONJ inlawrev-3354 25 67 that that SCONJ inlawrev-3354 25 68 even even ADV inlawrev-3354 25 69 if if SCONJ inlawrev-3354 25 70 it it PRON inlawrev-3354 25 71 had have VERB inlawrev-3354 25 72 , , PUNCT inlawrev-3354 25 73 equitable equitable ADJ inlawrev-3354 25 74 subordination subordination NOUN inlawrev-3354 25 75 required require VERB inlawrev-3354 25 76 some some DET inlawrev-3354 25 77 other other ADJ inlawrev-3354 25 78 inequitable inequitable ADJ inlawrev-3354 25 79 conduct conduct NOUN inlawrev-3354 25 80 . . PUNCT inlawrev-3354 25 81 " " PUNCT inlawrev-3354 26 1 the the DET inlawrev-3354 26 2 district district NOUN inlawrev-3354 26 3 court court NOUN inlawrev-3354 26 4 , , PUNCT inlawrev-3354 26 5 however however ADV inlawrev-3354 26 6 , , PUNCT inlawrev-3354 26 7 decided decide VERB inlawrev-3354 26 8 that that SCONJ inlawrev-3354 26 9 undercapitalization undercapitalization NOUN inlawrev-3354 26 10 alone alone ADV inlawrev-3354 26 11 was be AUX inlawrev-3354 26 12 sufficient sufficient ADJ inlawrev-3354 26 13 to to PART inlawrev-3354 26 14 justify justify VERB inlawrev-3354 26 15 invoking invoke VERB inlawrev-3354 26 16 the the DET inlawrev-3354 26 17 doctrine doctrine NOUN inlawrev-3354 26 18 of of ADP inlawrev-3354 26 19 equitable equitable ADJ inlawrev-3354 26 20 subordination subordination NOUN inlawrev-3354 26 21 and and CCONJ inlawrev-3354 26 22 concluded conclude VERB inlawrev-3354 26 23 that that SCONJ inlawrev-3354 26 24 the the DET inlawrev-3354 26 25 debtor debtor NOUN inlawrev-3354 26 26 was be AUX inlawrev-3354 26 27 " " PUNCT inlawrev-3354 26 28 patently patently ADV inlawrev-3354 26 29 undercapitalized undercapitalized ADJ inlawrev-3354 26 30 . . PUNCT inlawrev-3354 26 31 " " PUNCT inlawrev-3354 27 1 ' ' PUNCT inlawrev-3354 27 2 ^ ^ PUNCT inlawrev-3354 27 3 the the DET inlawrev-3354 27 4 court court NOUN inlawrev-3354 27 5 of of ADP inlawrev-3354 27 6 appeals appeals PROPN inlawrev-3354 27 7 noted note VERB inlawrev-3354 27 8 that that SCONJ inlawrev-3354 27 9 one one NUM inlawrev-3354 27 10 important important ADJ inlawrev-3354 27 11 theme theme NOUN inlawrev-3354 27 12 of of ADP inlawrev-3354 27 13 bankruptcy bankruptcy NOUN inlawrev-3354 27 14 law law NOUN inlawrev-3354 27 15 is be AUX inlawrev-3354 27 16 maintaining maintain VERB inlawrev-3354 27 17 claimants claimant NOUN inlawrev-3354 27 18 ' ' PART inlawrev-3354 27 19 state state NOUN inlawrev-3354 27 20 law law NOUN inlawrev-3354 27 21 rights right NOUN inlawrev-3354 27 22 and and CCONJ inlawrev-3354 27 23 the the DET inlawrev-3354 27 24 order order NOUN inlawrev-3354 27 25 of of ADP inlawrev-3354 27 26 their their PRON inlawrev-3354 27 27 claims claim NOUN inlawrev-3354 27 28 relative relative ADJ inlawrev-3354 27 29 to to ADP inlawrev-3354 27 30 one one NUM inlawrev-3354 27 31 another another DET inlawrev-3354 27 32 . . PUNCT inlawrev-3354 27 33 ^^ ^^ PUNCT inlawrev-3354 28 1 the the DET inlawrev-3354 28 2 potential potential NOUN inlawrev-3354 28 3 always always ADV inlawrev-3354 28 4 exists exist VERB inlawrev-3354 28 5 for for ADP inlawrev-3354 28 6 an an DET inlawrev-3354 28 7 equity equity NOUN inlawrev-3354 28 8 holder holder NOUN inlawrev-3354 28 9 , , PUNCT inlawrev-3354 28 10 who who PRON inlawrev-3354 28 11 comes come VERB inlawrev-3354 28 12 last last ADV inlawrev-3354 28 13 on on ADP inlawrev-3354 28 14 the the DET inlawrev-3354 28 15 priority priority NOUN inlawrev-3354 28 16 list list NOUN inlawrev-3354 28 17 , , PUNCT inlawrev-3354 28 18 to to PART inlawrev-3354 28 19 " " PUNCT inlawrev-3354 28 20 dress dress VERB inlawrev-3354 28 21 [ [ PUNCT inlawrev-3354 28 22 ] ] X inlawrev-3354 28 23 up up ADP inlawrev-3354 28 24 a a DET inlawrev-3354 28 25 claim claim NOUN inlawrev-3354 28 26 she she PRON inlawrev-3354 28 27 has have VERB inlawrev-3354 28 28 on on ADP inlawrev-3354 28 29 the the DET inlawrev-3354 28 30 firm firm NOUN inlawrev-3354 28 31 as as ADP inlawrev-3354 28 32 something something PRON inlawrev-3354 28 33 else else ADV inlawrev-3354 28 34 ofhigher ofhigher AUX inlawrev-3354 28 35 priority priority NOUN inlawrev-3354 28 36 . . PUNCT inlawrev-3354 29 1 "^ "^ PUNCT inlawrev-3354 29 2 " " PUNCT inlawrev-3354 29 3 * * PUNCT inlawrev-3354 29 4 however however ADV inlawrev-3354 29 5 , , PUNCT inlawrev-3354 29 6 it it PRON inlawrev-3354 29 7 may may AUX inlawrev-3354 29 8 be be AUX inlawrev-3354 29 9 even even ADV inlawrev-3354 29 10 more more ADV inlawrev-3354 29 11 likely likely ADJ inlawrev-3354 29 12 in in ADP inlawrev-3354 29 13 bankruptcy bankruptcy NOUN inlawrev-3354 29 14 cases case NOUN inlawrev-3354 29 15 involving involve VERB inlawrev-3354 29 16 closely closely ADV inlawrev-3354 29 17 held hold VERB inlawrev-3354 29 18 corporations corporation NOUN inlawrev-3354 29 19 because because SCONJ inlawrev-3354 29 20 the the DET inlawrev-3354 29 21 players player NOUN inlawrev-3354 29 22 ' ' PART inlawrev-3354 29 23 roles role NOUN inlawrev-3354 29 24 may may AUX inlawrev-3354 29 25 be be AUX inlawrev-3354 29 26 less less ADV inlawrev-3354 29 27 distinct distinct ADJ inlawrev-3354 29 28 : : PUNCT inlawrev-3354 29 29 " " PUNCT inlawrev-3354 29 30 [ [ X inlawrev-3354 29 31 t]he t]he ADJ inlawrev-3354 29 32 same same ADJ inlawrev-3354 29 33 person person NOUN inlawrev-3354 29 34 can can AUX inlawrev-3354 29 35 be be AUX inlawrev-3354 29 36 an an DET inlawrev-3354 29 37 owner owner NOUN inlawrev-3354 29 38 of of ADP inlawrev-3354 29 39 a a DET inlawrev-3354 29 40 company company NOUN inlawrev-3354 29 41 , , PUNCT inlawrev-3354 29 42 its its PRON inlawrev-3354 29 43 creditor creditor NOUN inlawrev-3354 29 44 and and CCONJ inlawrev-3354 29 45 , , PUNCT inlawrev-3354 29 46 as as ADP inlawrev-3354 29 47 in in ADP inlawrev-3354 29 48 the the DET inlawrev-3354 29 49 instant instant ADJ inlawrev-3354 29 50 case case NOUN inlawrev-3354 29 51 , , PUNCT inlawrev-3354 29 52 its its PRON inlawrev-3354 29 53 employee employee NOUN inlawrev-3354 29 54 as as ADV inlawrev-3354 29 55 well well ADV inlawrev-3354 29 56 . . PUNCT inlawrev-3354 30 1 "^^ "^^ PROPN inlawrev-3354 30 2 nevertheless nevertheless ADV inlawrev-3354 30 3 , , PUNCT inlawrev-3354 30 4 insiders insider NOUN inlawrev-3354 30 5 must must AUX inlawrev-3354 30 6 remain remain VERB inlawrev-3354 30 7 true true ADJ inlawrev-3354 30 8 to to ADP inlawrev-3354 30 9 their their PRON inlawrev-3354 30 10 fiduciary fiduciary ADJ inlawrev-3354 30 11 obligations obligation NOUN inlawrev-3354 30 12 to to ADP inlawrev-3354 30 13 the the DET inlawrev-3354 30 14 company.^^ company.^^ NOUN inlawrev-3354 30 15 if if SCONJ inlawrev-3354 30 16 they they PRON inlawrev-3354 30 17 breach breach VERB inlawrev-3354 30 18 those those DET inlawrev-3354 30 19 duties duty NOUN inlawrev-3354 30 20 through through ADP inlawrev-3354 30 21 a a DET inlawrev-3354 30 22 bad bad ADJ inlawrev-3354 30 23 faith faith NOUN inlawrev-3354 30 24 or or CCONJ inlawrev-3354 30 25 unfair unfair ADJ inlawrev-3354 30 26 characterization characterization NOUN inlawrev-3354 30 27 of of ADP inlawrev-3354 30 28 an an DET inlawrev-3354 30 29 equity equity NOUN inlawrev-3354 30 30 infusion infusion NOUN inlawrev-3354 30 31 as as ADP inlawrev-3354 30 32 debt debt NOUN inlawrev-3354 30 33 , , PUNCT inlawrev-3354 30 34 the the DET inlawrev-3354 30 35 court court NOUN inlawrev-3354 30 36 may may AUX inlawrev-3354 30 37 send send VERB inlawrev-3354 30 38 the the DET inlawrev-3354 30 39 insiders insider NOUN inlawrev-3354 30 40 to to ADP inlawrev-3354 30 41 the the DET inlawrev-3354 30 42 end end NOUN inlawrev-3354 30 43 of of ADP inlawrev-3354 30 44 the the DET inlawrev-3354 30 45 line.^^ line.^^ NOUN inlawrev-3354 30 46 the the DET inlawrev-3354 30 47 court court NOUN inlawrev-3354 30 48 in in ADP inlawrev-3354 30 49 lifschultz lifschultz NOUN inlawrev-3354 30 50 relied rely VERB inlawrev-3354 30 51 on on ADP inlawrev-3354 30 52 the the DET inlawrev-3354 30 53 framework framework NOUN inlawrev-3354 30 54 provided provide VERB inlawrev-3354 30 55 by by ADP inlawrev-3354 30 56 the the DET inlawrev-3354 30 57 u.s u.s PROPN inlawrev-3354 30 58 . . PROPN inlawrev-3354 30 59 court court NOUN inlawrev-3354 30 60 ofappeals ofappeal NOUN inlawrev-3354 30 61 for for ADP inlawrev-3354 30 62 the the DET inlawrev-3354 30 63 fifth fifth ADJ inlawrev-3354 30 64 circuit circuit NOUN inlawrev-3354 30 65 in in ADP inlawrev-3354 30 66 in in ADP inlawrev-3354 30 67 re re PROPN inlawrev-3354 30 68 mobile mobile PROPN inlawrev-3354 30 69 steel steel PROPN inlawrev-3354 30 70 co. co. PROPN inlawrev-3354 31 1 * * PUNCT inlawrev-3354 31 2 ^ ^ PUNCT inlawrev-3354 31 3 the the DET inlawrev-3354 31 4 first first ADJ inlawrev-3354 31 5 step step NOUN inlawrev-3354 31 6 under under ADP inlawrev-3354 31 7 that that DET inlawrev-3354 31 8 framework framework NOUN inlawrev-3354 31 9 is be AUX inlawrev-3354 31 10 to to PART inlawrev-3354 31 11 search search VERB inlawrev-3354 31 12 for for ADP inlawrev-3354 31 13 inequitable inequitable ADJ inlawrev-3354 31 14 conduct conduct NOUN inlawrev-3354 31 15 , , PUNCT inlawrev-3354 31 16 and and CCONJ inlawrev-3354 31 17 if if SCONJ inlawrev-3354 31 18 there there PRON inlawrev-3354 31 19 is be VERB inlawrev-3354 31 20 none none NOUN inlawrev-3354 31 21 , , PUNCT inlawrev-3354 31 22 the the DET inlawrev-3354 31 23 bankruptcy bankruptcy NOUN inlawrev-3354 31 24 court court NOUN inlawrev-3354 31 25 may may AUX inlawrev-3354 31 26 not not PART inlawrev-3354 31 27 subordinate subordinate VERB inlawrev-3354 31 28 the the DET inlawrev-3354 31 29 claim claim NOUN inlawrev-3354 31 30 .^^ .^^ PUNCT inlawrev-3354 32 1 the the DET inlawrev-3354 32 2 court court NOUN inlawrev-3354 32 3 proceeded proceed VERB inlawrev-3354 32 4 through through ADP inlawrev-3354 32 5 a a DET inlawrev-3354 32 6 detailed detailed ADJ inlawrev-3354 32 7 discussion discussion NOUN inlawrev-3354 32 8 of of ADP inlawrev-3354 32 9 undercapitalization undercapitalization NOUN inlawrev-3354 32 10 and and CCONJ inlawrev-3354 32 11 whether whether SCONJ inlawrev-3354 32 12 the the DET inlawrev-3354 32 13 fact fact NOUN inlawrev-3354 32 14 of of ADP inlawrev-3354 32 15 undercapitalization undercapitalization NOUN inlawrev-3354 32 16 alone alone ADV inlawrev-3354 32 17 would would AUX inlawrev-3354 32 18 constitute constitute VERB inlawrev-3354 32 19 such such ADJ inlawrev-3354 32 20 misconduct misconduct NOUN inlawrev-3354 32 21 . . PUNCT inlawrev-3354 33 1 while while SCONJ inlawrev-3354 33 2 recognizing recognize VERB inlawrev-3354 33 3 that that SCONJ inlawrev-3354 33 4 some some DET inlawrev-3354 33 5 courts court NOUN inlawrev-3354 33 6 have have AUX inlawrev-3354 33 7 adopted adopt VERB inlawrev-3354 33 8 this this DET inlawrev-3354 33 9 position,^ position,^ PROPN inlawrev-3354 33 10 ° ° NOUN inlawrev-3354 33 11 this this DET inlawrev-3354 33 12 court court NOUN inlawrev-3354 33 13 chose choose VERB inlawrev-3354 33 14 not not PART inlawrev-3354 33 15 to to PART inlawrev-3354 33 16 do do VERB inlawrev-3354 33 17 so so ADV inlawrev-3354 33 18 . . PUNCT inlawrev-3354 34 1 8 8 X inlawrev-3354 34 2 . . PUNCT inlawrev-3354 35 1 the the DET inlawrev-3354 35 2 agreement agreement NOUN inlawrev-3354 35 3 with with ADP inlawrev-3354 35 4 ambassador ambassador NOUN inlawrev-3354 35 5 factors factor NOUN inlawrev-3354 35 6 required require VERB inlawrev-3354 35 7 that that SCONJ inlawrev-3354 35 8 its its PRON inlawrev-3354 35 9 interest interest NOUN inlawrev-3354 35 10 be be AUX inlawrev-3354 35 11 superior superior ADJ inlawrev-3354 35 12 to to ADP inlawrev-3354 35 13 the the DET inlawrev-3354 35 14 insiders insider NOUN inlawrev-3354 35 15 ' ' PART inlawrev-3354 35 16 interest interest NOUN inlawrev-3354 35 17 under under ADP inlawrev-3354 35 18 the the DET inlawrev-3354 35 19 secured secure VERB inlawrev-3354 35 20 loan loan NOUN inlawrev-3354 35 21 agreement agreement NOUN inlawrev-3354 35 22 , , PUNCT inlawrev-3354 35 23 and and CCONJ inlawrev-3354 35 24 ambassador ambassador NOUN inlawrev-3354 35 25 also also ADV inlawrev-3354 35 26 received receive VERB inlawrev-3354 35 27 personal personal ADJ inlawrev-3354 35 28 guarantees guarantee NOUN inlawrev-3354 35 29 from from ADP inlawrev-3354 35 30 the the DET inlawrev-3354 35 31 insiders insider NOUN inlawrev-3354 35 32 . . PUNCT inlawrev-3354 36 1 see see VERB inlawrev-3354 36 2 i i PRON inlawrev-3354 36 3 d. d. PROPN inlawrev-3354 36 4 9 9 NUM inlawrev-3354 36 5 . . PUNCT inlawrev-3354 37 1 the the DET inlawrev-3354 37 2 court court NOUN inlawrev-3354 37 3 referred refer VERB inlawrev-3354 37 4 to to ADP inlawrev-3354 37 5 salson salson PROPN inlawrev-3354 37 6 express express VERB inlawrev-3354 37 7 and and CCONJ inlawrev-3354 37 8 the the DET inlawrev-3354 37 9 insiders insider NOUN inlawrev-3354 37 10 interchangeably interchangeably ADV inlawrev-3354 37 11 . . PUNCT inlawrev-3354 38 1 see see VERB inlawrev-3354 38 2 i i PRON inlawrev-3354 38 3 d. d. PROPN inlawrev-3354 38 4 at at ADP inlawrev-3354 38 5 343 343 NUM inlawrev-3354 38 6 . . PUNCT inlawrev-3354 39 1 10 10 NUM inlawrev-3354 39 2 . . PUNCT inlawrev-3354 40 1 see see VERB inlawrev-3354 40 2 i i PRON inlawrev-3354 40 3 d. d. PROPN inlawrev-3354 40 4 11 11 NUM inlawrev-3354 40 5 . . PUNCT inlawrev-3354 41 1 i i PRON inlawrev-3354 41 2 d d PROPN inlawrev-3354 41 3 12 12 NUM inlawrev-3354 41 4 . . PUNCT inlawrev-3354 42 1 i i PRON inlawrev-3354 42 2 d. d. PROPN inlawrev-3354 42 3 the the DET inlawrev-3354 42 4 debtor debtor NOUN inlawrev-3354 42 5 was be AUX inlawrev-3354 42 6 set set VERB inlawrev-3354 42 7 up up ADP inlawrev-3354 42 8 with with ADP inlawrev-3354 42 9 $ $ SYM inlawrev-3354 42 10 1000 1000 NUM inlawrev-3354 42 11 in in ADP inlawrev-3354 42 12 cash cash NOUN inlawrev-3354 42 13 , , PUNCT inlawrev-3354 42 14 and and CCONJ inlawrev-3354 42 15 the the DET inlawrev-3354 42 16 insiders insider NOUN inlawrev-3354 42 17 also also ADV inlawrev-3354 42 18 transferred transfer VERB inlawrev-3354 42 19 to to ADP inlawrev-3354 42 20 the the DET inlawrev-3354 42 21 debtor debtor NOUN inlawrev-3354 42 22 all all PRON inlawrev-3354 42 23 of of ADP inlawrev-3354 42 24 lffi lffi PROPN inlawrev-3354 42 25 's 's PART inlawrev-3354 42 26 operations operation NOUN inlawrev-3354 42 27 outside outside ADP inlawrev-3354 42 28 new new PROPN inlawrev-3354 42 29 york york PROPN inlawrev-3354 42 30 , , PUNCT inlawrev-3354 42 31 including include VERB inlawrev-3354 42 32 its its PRON inlawrev-3354 42 33 customer customer NOUN inlawrev-3354 42 34 list list NOUN inlawrev-3354 42 35 , , PUNCT inlawrev-3354 42 36 a a DET inlawrev-3354 42 37 valuable valuable ADJ inlawrev-3354 42 38 lease lease NOUN inlawrev-3354 42 39 to to ADP inlawrev-3354 42 40 a a DET inlawrev-3354 42 41 california california PROPN inlawrev-3354 42 42 shipping shipping NOUN inlawrev-3354 42 43 terminal terminal NOUN inlawrev-3354 42 44 , , PUNCT inlawrev-3354 42 45 and and CCONJ inlawrev-3354 42 46 los los PROPN inlawrev-3354 42 47 angeles angeles PROPN inlawrev-3354 42 48 dodgers dodger VERB inlawrev-3354 42 49 season season NOUN inlawrev-3354 42 50 tickets ticket NOUN inlawrev-3354 42 51 . . PUNCT inlawrev-3354 43 1 see see VERB inlawrev-3354 43 2 i i PRON inlawrev-3354 43 3 d. d. PROPN inlawrev-3354 43 4 at at ADP inlawrev-3354 43 5 342 342 NUM inlawrev-3354 43 6 . . PUNCT inlawrev-3354 44 1 13 13 NUM inlawrev-3354 44 2 . . X inlawrev-3354 44 3 mat mat PROPN inlawrev-3354 44 4 343 343 NUM inlawrev-3354 44 5 . . PUNCT inlawrev-3354 45 1 14 14 NUM inlawrev-3354 45 2 . . PUNCT inlawrev-3354 46 1 i i PRON inlawrev-3354 46 2 d. d. PROPN inlawrev-3354 46 3 15 15 NUM inlawrev-3354 46 4 . . PUNCT inlawrev-3354 47 1 /^. /^. PUNCT inlawrev-3354 48 1 at at ADP inlawrev-3354 48 2 344 344 NUM inlawrev-3354 48 3 . . NOUN inlawrev-3354 48 4 1 1 NUM inlawrev-3354 48 5 6 6 NUM inlawrev-3354 48 6 . . PUNCT inlawrev-3354 48 7 see see VERB inlawrev-3354 48 8 i i PRON inlawrev-3354 48 9 d. d. PROPN inlawrev-3354 48 10 17 17 NUM inlawrev-3354 48 11 . . PUNCT inlawrev-3354 49 1 see see VERB inlawrev-3354 49 2 i i PRON inlawrev-3354 49 3 d. d. PROPN inlawrev-3354 49 4 18 18 NUM inlawrev-3354 49 5 . . PUNCT inlawrev-3354 50 1 563 563 NUM inlawrev-3354 50 2 f.2d f.2d ADP inlawrev-3354 50 3 692 692 NUM inlawrev-3354 50 4 ( ( PUNCT inlawrev-3354 50 5 5th 5th ADJ inlawrev-3354 50 6 cir cir NOUN inlawrev-3354 50 7 . . PUNCT inlawrev-3354 50 8 1977 1977 NUM inlawrev-3354 50 9 ) ) PUNCT inlawrev-3354 50 10 . . PUNCT inlawrev-3354 51 1 19 19 NUM inlawrev-3354 51 2 . . X inlawrev-3354 51 3 see see VERB inlawrev-3354 51 4 in in ADP inlawrev-3354 51 5 re re NOUN inlawrev-3354 51 6 lifschultz lifschultz NOUN inlawrev-3354 51 7 , , PUNCT inlawrev-3354 51 8 132 132 NUM inlawrev-3354 51 9 f.3d f.3d NUM inlawrev-3354 51 10 at at ADP inlawrev-3354 51 11 344 344 NUM inlawrev-3354 51 12 . . PROPN inlawrev-3354 51 13 20 20 NUM inlawrev-3354 51 14 . . PUNCT inlawrev-3354 52 1 i i PRON inlawrev-3354 52 2 d d PROPN inlawrev-3354 52 3 at at ADP inlawrev-3354 52 4 345 345 NUM inlawrev-3354 52 5 ( ( PUNCT inlawrev-3354 52 6 citing cite VERB inlawrev-3354 52 7 , , PUNCT inlawrev-3354 52 8 e.g e.g PROPN inlawrev-3354 52 9 .. .. PUNCT inlawrev-3354 52 10 in in ADP inlawrev-3354 52 11 re re ADP inlawrev-3354 52 12 fabricators fabricator NOUN inlawrev-3354 52 13 , , PUNCT inlawrev-3354 52 14 926 926 NUM inlawrev-3354 52 15 f.2d f.2d NOUN inlawrev-3354 52 16 1458 1458 NUM inlawrev-3354 52 17 , , PUNCT inlawrev-3354 52 18 1470 1470 NUM inlawrev-3354 52 19 ( ( PUNCT inlawrev-3354 52 20 5th 5th ADJ inlawrev-3354 52 21 cir cir NOUN inlawrev-3354 52 22 . . PROPN inlawrev-3354 52 23 1991 1991 NUM inlawrev-3354 52 24 ) ) PUNCT inlawrev-3354 52 25 ) ) PUNCT inlawrev-3354 52 26 . . PUNCT inlawrev-3354 53 1 1 1 NUM inlawrev-3354 53 2 999 999 NUM inlawrev-3354 53 3 ] ] PUNCT inlawrev-3354 53 4 bankruptcy bankruptcy NOUN inlawrev-3354 53 5 6 6 NUM inlawrev-3354 53 6 1 1 NUM inlawrev-3354 53 7 5 5 NUM inlawrev-3354 53 8 " " PUNCT inlawrev-3354 53 9 because because SCONJ inlawrev-3354 53 10 mere mere ADJ inlawrev-3354 53 11 undercapitalization undercapitalization NOUN inlawrev-3354 53 12 does do VERB inlawrev-3354 53 13 not not PART inlawrev-3354 53 14 , , PUNCT inlawrev-3354 53 15 and and CCONJ inlawrev-3354 53 16 should should AUX inlawrev-3354 53 17 not not PART inlawrev-3354 53 18 , , PUNCT inlawrev-3354 53 19 justify justify VERB inlawrev-3354 53 20 equitable equitable ADJ inlawrev-3354 53 21 subordination subordination NOUN inlawrev-3354 53 22 , , PUNCT inlawrev-3354 53 23 we we PRON inlawrev-3354 53 24 think think VERB inlawrev-3354 53 25 the the DET inlawrev-3354 53 26 better well ADJ inlawrev-3354 53 27 view view NOUN inlawrev-3354 53 28 is be AUX inlawrev-3354 53 29 that that SCONJ inlawrev-3354 53 30 , , PUNCT inlawrev-3354 53 31 while while SCONJ inlawrev-3354 53 32 undercapitalization undercapitalization NOUN inlawrev-3354 53 33 may may AUX inlawrev-3354 53 34 indicate indicate VERB inlawrev-3354 53 35 inequitable inequitable ADJ inlawrev-3354 53 36 conduct conduct NOUN inlawrev-3354 53 37 , , PUNCT inlawrev-3354 53 38 undercapitalization undercapitalization NOUN inlawrev-3354 53 39 is be AUX inlawrev-3354 53 40 not not PART inlawrev-3354 53 41 in in ADP inlawrev-3354 53 42 itself itself PRON inlawrev-3354 53 43 inequitable inequitable ADJ inlawrev-3354 53 44 conduct conduct NOUN inlawrev-3354 53 45 . . PUNCT inlawrev-3354 54 1 "^ "^ X inlawrev-3354 54 2 ' ' PUNCT inlawrev-3354 54 3 this this PRON inlawrev-3354 54 4 was be AUX inlawrev-3354 54 5 not not PART inlawrev-3354 54 6 a a DET inlawrev-3354 54 7 case case NOUN inlawrev-3354 54 8 where where SCONJ inlawrev-3354 54 9 the the DET inlawrev-3354 54 10 insiders insider NOUN inlawrev-3354 54 11 attempted attempt VERB inlawrev-3354 54 12 to to PART inlawrev-3354 54 13 convert convert VERB inlawrev-3354 54 14 already already ADV inlawrev-3354 54 15 existing exist VERB inlawrev-3354 54 16 equity equity NOUN inlawrev-3354 54 17 into into ADP inlawrev-3354 54 18 debt debt NOUN inlawrev-3354 54 19 . . PUNCT inlawrev-3354 55 1 they they PRON inlawrev-3354 55 2 contributed contribute VERB inlawrev-3354 55 3 fresh fresh ADJ inlawrev-3354 55 4 capital capital NOUN inlawrev-3354 55 5 , , PUNCT inlawrev-3354 55 6 and and CCONJ inlawrev-3354 55 7 if if SCONJ inlawrev-3354 55 8 no no DET inlawrev-3354 55 9 deception deception NOUN inlawrev-3354 55 10 existed exist VERB inlawrev-3354 55 11 , , PUNCT inlawrev-3354 55 12 there there PRON inlawrev-3354 55 13 was be VERB inlawrev-3354 55 14 no no DET inlawrev-3354 55 15 reason reason NOUN inlawrev-3354 55 16 to to PART inlawrev-3354 55 17 treat treat VERB inlawrev-3354 55 18 an an DET inlawrev-3354 55 19 insider insider NOUN inlawrev-3354 55 20 's 's PART inlawrev-3354 55 21 loan loan NOUN inlawrev-3354 55 22 more more ADV inlawrev-3354 55 23 harshly harshly ADV inlawrev-3354 55 24 than than ADP inlawrev-3354 55 25 a a DET inlawrev-3354 55 26 third third ADJ inlawrev-3354 55 27 party party NOUN inlawrev-3354 55 28 's 's PART inlawrev-3354 55 29 loan.^^ loan.^^ NOUN inlawrev-3354 56 1 the the DET inlawrev-3354 56 2 court court NOUN inlawrev-3354 56 3 summarized summarize VERB inlawrev-3354 56 4 its its PRON inlawrev-3354 56 5 position position NOUN inlawrev-3354 56 6 as as SCONJ inlawrev-3354 56 7 follows follow VERB inlawrev-3354 56 8 : : PUNCT inlawrev-3354 56 9 " " PUNCT inlawrev-3354 56 10 [ [ X inlawrev-3354 56 11 u]ndercapitalization u]ndercapitalization NOUN inlawrev-3354 56 12 alone alone ADV inlawrev-3354 56 13 , , PUNCT inlawrev-3354 56 14 without without ADP inlawrev-3354 56 15 evidence evidence NOUN inlawrev-3354 56 16 of of ADP inlawrev-3354 56 17 deception deception NOUN inlawrev-3354 56 18 about about ADP inlawrev-3354 56 19 the the DET inlawrev-3354 56 20 debtor debtor NOUN inlawrev-3354 56 21 's 's PART inlawrev-3354 56 22 financial financial ADJ inlawrev-3354 56 23 condition condition NOUN inlawrev-3354 56 24 or or CCONJ inlawrev-3354 56 25 other other ADJ inlawrev-3354 56 26 misconduct misconduct NOUN inlawrev-3354 56 27 , , PUNCT inlawrev-3354 56 28 can can AUX inlawrev-3354 56 29 not not PART inlawrev-3354 56 30 justify justify VERB inlawrev-3354 56 31 equitable equitable ADJ inlawrev-3354 56 32 subordination subordination NOUN inlawrev-3354 56 33 of of ADP inlawrev-3354 56 34 an an DET inlawrev-3354 56 35 insider insider NOUN inlawrev-3354 56 36 's 's PART inlawrev-3354 56 37 debt debt NOUN inlawrev-3354 56 38 claim claim NOUN inlawrev-3354 56 39 . . PUNCT inlawrev-3354 57 1 extraordinary extraordinary ADJ inlawrev-3354 57 2 circumstances circumstance NOUN inlawrev-3354 57 3 might might AUX inlawrev-3354 57 4 provide provide VERB inlawrev-3354 57 5 an an DET inlawrev-3354 57 6 exception exception NOUN inlawrev-3354 57 7 . . PUNCT inlawrev-3354 57 8 . . PUNCT inlawrev-3354 57 9 . . PUNCT inlawrev-3354 58 1 but but CCONJ inlawrev-3354 58 2 we we PRON inlawrev-3354 58 3 believe believe VERB inlawrev-3354 58 4 that that SCONJ inlawrev-3354 58 5 almost almost ADV inlawrev-3354 58 6 any any DET inlawrev-3354 58 7 such such ADJ inlawrev-3354 58 8 exception exception NOUN inlawrev-3354 58 9 would would AUX inlawrev-3354 58 10 arguably arguably ADV inlawrev-3354 58 11 also also ADV inlawrev-3354 58 12 involve involve VERB inlawrev-3354 58 13 other other ADJ inlawrev-3354 58 14 misconduct misconduct NOUN inlawrev-3354 58 15 of of ADP inlawrev-3354 58 16 some some DET inlawrev-3354 58 17 sort sort NOUN inlawrev-3354 58 18 . . PUNCT inlawrev-3354 59 1 "^^ "^^ PROPN inlawrev-3354 59 2 the the DET inlawrev-3354 59 3 court court NOUN inlawrev-3354 59 4 also also ADV inlawrev-3354 59 5 addressed address VERB inlawrev-3354 59 6 the the DET inlawrev-3354 59 7 debtor debtor NOUN inlawrev-3354 59 8 's 's PART inlawrev-3354 59 9 purported purport VERB inlawrev-3354 59 10 undercapitalization undercapitalization NOUN inlawrev-3354 59 11 itself itself PRON inlawrev-3354 59 12 and and CCONJ inlawrev-3354 59 13 concluded conclude VERB inlawrev-3354 59 14 that that SCONJ inlawrev-3354 59 15 under under ADP inlawrev-3354 59 16 mobile mobile ADJ inlawrev-3354 59 17 steel steel NOUN inlawrev-3354 59 18 , , PUNCT inlawrev-3354 59 19 undercapitalization undercapitalization NOUN inlawrev-3354 59 20 would would AUX inlawrev-3354 59 21 have have AUX inlawrev-3354 59 22 existed exist VERB inlawrev-3354 59 23 at at ADP inlawrev-3354 59 24 the the DET inlawrev-3354 59 25 time time NOUN inlawrev-3354 59 26 the the DET inlawrev-3354 59 27 debtor debtor NOUN inlawrev-3354 59 28 received receive VERB inlawrev-3354 59 29 the the DET inlawrev-3354 59 30 loan loan NOUN inlawrev-3354 59 31 from from ADP inlawrev-3354 59 32 the the DET inlawrev-3354 59 33 insiders insider NOUN inlawrev-3354 59 34 if if SCONJ inlawrev-3354 59 35 an an DET inlawrev-3354 59 36 informed informed ADJ inlawrev-3354 59 37 outside outside ADJ inlawrev-3354 59 38 source source NOUN inlawrev-3354 59 39 would would AUX inlawrev-3354 59 40 not not PART inlawrev-3354 59 41 also also ADV inlawrev-3354 59 42 have have AUX inlawrev-3354 59 43 loaned loan VERB inlawrev-3354 59 44 the the DET inlawrev-3354 59 45 debtor debtor NOUN inlawrev-3354 59 46 a a DET inlawrev-3354 59 47 similar similar ADJ inlawrev-3354 59 48 amount amount NOUN inlawrev-3354 59 49 of of ADP inlawrev-3354 59 50 money.^'^ money.^'^ NOUN inlawrev-3354 59 51 " " PUNCT inlawrev-3354 59 52 in in ADP inlawrev-3354 59 53 this this DET inlawrev-3354 59 54 case case NOUN inlawrev-3354 59 55 , , PUNCT inlawrev-3354 59 56 we we PRON inlawrev-3354 59 57 need need AUX inlawrev-3354 59 58 not not PART inlawrev-3354 59 59 speculate speculate VERB inlawrev-3354 59 60 about about ADP inlawrev-3354 59 61 what what PRON inlawrev-3354 59 62 might might AUX inlawrev-3354 59 63 have have AUX inlawrev-3354 59 64 happened happen VERB inlawrev-3354 59 65 . . PUNCT inlawrev-3354 60 1 we we PRON inlawrev-3354 60 2 know know VERB inlawrev-3354 60 3 what what PRON inlawrev-3354 60 4 t//