In Re Klein Sleep Products, Inc., Debtor. Nostas Associates v. Bernard W. Costich, Chapter 11 Trustee, and Official Committee of Unsecured Creditors

U.S. Court of Appeals, Second Circuit · Decided 1996-02-16

Cited by 103 later decision(s) in our corpus · see the citation network in Lexace

From the opinion

CALABRESI, Circuit Judge: The liquidation provisions of the Bankruptcy Code contained in 11 U.S.C. § 726 distribute a pro-rata share of a debtor’s estate to each unsecured creditor so that similarly situated creditors may be treated alike. This pro-rata rule does not, however, always lead to an equitable distribution of the estate. When on…

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