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Record W1516055275 · doi:10.7939/r3gf0n98f

Subordination agreements, bankruptcy and the PPSA

2010· article· en· W1516055275 on OpenAlexaff
Roderick J. Wood

Bibliographic record

VenueUniversity of Alberta Library · 2010
Typearticle
Languageen
FieldBusiness, Management and Accounting
TopicCorporate Insolvency and Governance
Canadian institutionsUniversity of Alberta
Fundersnot available
KeywordsSubordination (linguistics)CreditorBankruptcySecurity interestBusinessDebtOrder (exchange)Law and economicsActuarial scienceLawEconomicsFinancePolitical science

Abstract

fetched live from OpenAlex

Although subordination agreements are widely used, they are less comprehensively understood. In order to devise a workable framework for analyzing the legal issues associated with them, a fundamental distinction must be drawn between debt subordination and security interest subordination. In order to resolve questions concerning the characterization of subordination as security interests, the effect of bankruptcy of the junior or subordinating creditor, and the effect of assignments or consecutive subordinations, it is necessary to determine if the agreement creates a real right or a personal right. A promise not to assert a claim or a promise to pay a creditor an equivalent amount to that received creates only a personal right. This will not give the recipient a proprietary right that can be asserted against the junior or subordinating creditor’s trustee in bankruptcy or against a subsequent assignee. But if the subordination agreement transfers the junior or subordinating creditor’s claim to the recipient, it creates a proprietary right and must be perfected under the PPSA in order to be effective against the junior or subordinating creditor’s trustee in bankruptcy or a subsequent assignee.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.005
metaresearch head score (Gemma)0.009
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Not applicable · Consensus signal: none
GenreCandidate signal: Other · Consensus signal: Other
Teacher disagreement score0.020
Threshold uncertainty score0.040

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0050.009
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0010.001
Bibliometrics0.0010.003
Science and technology studies0.0040.021
Scholarly communication0.0090.008
Open science0.0010.005
Research integrity0.0050.006
Insufficient payload (model declined to judge)0.0090.001

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.004
GPT teacher head0.143
Teacher spread0.138 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designNot applicable
Domainnot available
GenreOther

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations1
Published2010
Admission routes1
Has abstractyes

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