DISCLAIMER:  The following unofficial case summaries are prepared by the clerk's office
                        as a courtesy to the reader. They are not part of the opinion of the court.

056052P.pdf   04/04/2006  Susan Bala  v.  Kip Kaler
   U.S. Court of Appeals Case No:  05-6052
   District of North Dakota   
   [PUBLISHED] [Schermer, Author, with Federman and McDonald,
   Bankruptcy Judges]
   Bankruptcy Appellate Panel. Bankruptcy court did not err in
   subordinating Bala's administrative expense claim to the claims of the
   other debtors, as Bala's misconduct as debtor's founder and sole
   shareholder injured the other creditors and justified equitable
   subordination of her claims.