Fourth Circuit: James Angell v. Stubbs & Perdue, P.A.

Bankruptcy, Retroactive application

As Bankruptcy petition changed from reorganization to liquidation subsequent to the change in the statute regulating  subordination of secured debts in liquidation proceedings, administrative expenses incurred in reorganization phase cannot gain priority through the equitable subordination of secured debts.

http://www.ca4.uscourts.gov/Opinions/Published/151316.P.pdf