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Home / Opinion Digests / Bankruptcy – Equitable Subrogation – Hospital Operation – Ch. 11 (access required)

Bankruptcy – Equitable Subrogation – Hospital Operation – Ch. 11 (access required)

National Emergency Services, a creditor of debtor hospital, is not entitled to equitable subordination of the hospital's debt to another lender who has advanced funds to the hospital to pay legal fees and costs and allowed it to continue operating under its board of directors instead of a Chapter 11 trustee, and the district court ...

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