09-3336 In the Matter of: Altheimer & Gray

By: dmc-admin//April 19, 2010//

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Bankruptcy
Priority

A non-unit partner in a law firm is an owner who stands behind creditors when the firm declares bankruptcy.

"The plan of reorganization defines the firm's partners to include both 'Unit Partners' and 'Non-Unit Partners.' That definition follows the law firm's norm, not the Uniform Partnership Act's. The bankruptcy judge and district judge classified Berens as a non-unit partner under the plan-and, since his own claim applied that label to himself, he is hardly in a position to complain. His argument that he was not a partner under the Uniform Partnership Act, and therefore cannot have been a 'non-unit partner' under the plan, is a non-sequitur."

Affirmed.

09-3336 In the Matter of: Altheimer & Gray

Appeal from the United States District Court for the Northern District of Illinois, Norgle, J., Easterbrook, J.

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