In Re Insilco Technologies, Inc.

OPINION OF THE COURT

AMBRO, Circuit Judge.

This appeal arises out of the claim allowance process in a Chapter 11 bankruptcy liquidation. 1 Specifically, a liquidating trustee appeals an order dismissing his objections to a proof of claim. It is common practice in bankruptcy cases for parties-in-interest to attack the validity and priority of the claims of creditors higher in the pecking order than they. Two of the most common attacks are “recharacterization” (seeking to treat an asserted debt as an equity interest) and “equitable subordination” (seeking to subordinate a claim’s priority because…