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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 distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.000
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Theoretical or conceptual · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.827
Threshold uncertainty score0.772

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0000.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.000
Science and technology studies0.0000.000
Scholarly communication0.0000.002
Open science0.0000.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0010.000

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 teacher head, not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designTheoretical or conceptual
Domainnot available
GenreEmpirical

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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