In the Matter of Mobile Steel Company, Debtor. Elaine E. Benjamin v. Lester Y. Diamond, as Trustee in Bankruptcy for Mobile Steel, Inc.

U.S. Court of Appeals, Fifth Circuit · Decided 1977-11-21

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CLARK, Circuit Judge: The appellants are organizers, officers, and directors of the bankrupt, the Mobile Steel Company, Inc. [Mobile Steel], members of their immediate families, and a corporation which one of them controls. They attack the district court’s affirmance of the bankruptcy judge's decision to subordinate some of their clai…

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