The doctrine of equitable subordination allows judges to move unsecured creditors ahead of secured creditors in bankruptcy proceedings in the interest of "fairness".

Question

Quizplus · Accepted Answer

The doctrine of equitable subordination enables judges to prioritize unsecured creditors over secured creditors in bankruptcy cases when deemed equitable, rather than merely following the usual order of priority.

The Doctrine of Equitable Subordination Allows Judges to Move Unsecured