Case Study: In Re Flamingo

Law360, New York ( August 17, 2011, 1:42 PM EDT) -- On July 25, 2011, the United States Court of Appeals for the Ninth Circuit in In re Flamingo 55 Inc. , No. 10-15755, 2011 U. S. App. (9th Cir. July 25, 2011), held that a creditor who is a joint borrower, rather than a surety, guarantor or accommodation co-maker, was not entitled to subrogation under 11 U. S. C. § 509(a).  . . .

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