Section 510 - Sudordination

Title 11 of the United States Code - Bankruptcy
CREDITORS, THE DEBTOR, AND THE ESTATE – CHAPTER 5


Subordination - Section 510
11 USCS § 510


(a) A subordination agreement is enforceable in a case under this title to the same extent that such agreement is enforceable under applicable nonbankruptcy law.
 
(b) For the purpose of distribution under this title, a claim arising from rescission of a purchase or sale of a security of the debtor or of an affiliate of the debtor, for damages arising from the purchase or sale of such a security, or for reimbursement or contribution allowed under section 502 [11 USCS § 502] on account of such a claim, shall be subordinated to all claims or interests that are senior to or equal the claim or interest represented by such security, except that if such security is common stock, such claim has the same priority as common stock.
 
(c) Notwithstanding subsections (a) and (b) of this section, after notice and a hearing, the court may--
   (1) under principles of equitable subordination, subordinate for purposes of distribution all or part of an allowed claim to all or part of another allowed claim or all or part of an allowed interest to all or part of another allowed interest; or
   (2) order that any lien securing such a subordinated claim be transferred to the estate.


Title 11, the United States Bankruptcy Code, is a valuable resource for anyone in search of bankruptcy information, clarity on its various sections and descriptions of chapters of bankruptcy.  Sagaria Law has uploaded the US bankruptcy code on our website to make it accessible to our bankruptcy clients and bankruptcy website visitors.  We hope that you will take advantage of its easy layout and the fact that you cannot find it many places on the web other than here and a few government or University websites.
At our Roseville bankruptcy firm, we serve the greater Placer County community with any and all bankruptcy services and assistance.  Our Roseville bankruptcy attorneys remain available to you throughout every step of your bankruptcy.  Experience the Sagaria Law difference by visiting our Roseville office, or any of our 10 bankruptcy office locations throughout California and Oregon.  We look forward to serving you!
Attorney Consultation!! $99 Retainer Fee!! Free Bankruptcy Evaluation
Motivation Bills Assets Budget
The law varies from state-to-state — please provide your zip code!

Why are you considering bankruptcy? (select all that apply)









Motivation Bills Assets Budget

What bills do you have? (select all that apply)








Motivation Bills Assets Budget
Do you own real estate ?
If Yes , are you behind in these payments?


Do you own an automobile ?
If Yes , are you behind in these payments?


Do you have any additional assets worth more than $1000.00?
Motivation Bills Assets Budget

What types of income do you have? (select all that apply)






$
Contact Info Your Evaluation

Call For A Consultation

toll free: 1-866-447-8460