The following excerpt is from In re Headlee Mgmt. Corp., 519 B.R. 452 (Bankr. S.D.N.Y. 2014):
To address the various policy arguments raised by the professional (many of which resemble the arguments raised in this case by Tarter), the court stated that 726(b) is not ambiguous and must be followed. Specker, 393 F.3d at 664. Disgorgement also comported with the overarching policy in the Bankruptcy Code favoring equality of distribution. Id. (citing Begier v. Internal Revenue Serv., 496 U.S. 53, 58, 110 S.Ct. 2258, 110 L.Ed.2d 46 (1990) ).
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