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The Seventh Circuit affirms the bankruptcy court's decision
upholding the creditor's claim following the debtor's
objection. The court analyzes an equity participation agreement
entered into by the debtor and the creditor and ultimately decides
the creditor's interpretation of a notice provision and
associated deadlines for converting the participation interest to a
demand note is the more plausible interpretation. Opinion
below.
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guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
