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7 canonical passages across 6 cases, quoted by 84 opinions in total. These passages cluster together because the same opinions keep quoting them side by side: they state parts of one doctrine. The anchor passage is from Peltz v. Hatten.
| # | Case | Flag | Canonical passage | Citers |
|---|---|---|---|---|
| 1 | Peltz v. Hatten Anchor | green | “a party receives reasonably equivalent value for what it gives up if it gets 'roughly the value it gave.” | 12 |
| 2 | Crumpton v. Stephens (In re Northlake Foods, Inc.) | green | “because the debtor would have had to pay income taxes itself had it not elected subchapter s status, the court cannot say that either it or its creditors were made worse off by the debtor's reimbursement to its shareholders for their portion of the income taxes paid.” | 12 |
| 3 | Zazalli v. Swenson (In re DBSI, Inc.) | green | “accrued a concrete benefit by electing a different taxable status.” | 12 |
| 4 | Pirinate Consulting Group, LLC v. Kadant Solutions Division (In re NewPage Corp.) | green | “at the time a member becomes entitled to receive a distribution, the member has the status of, and is entitled to all remedies available to, a creditor of a limited lability company with respect to the distribution.” | 12 |
| 5 | Pryor v. Tiffen (In re TC Liquidations LLC) | green | “the debtor is an llc that has always been taxed as a partnership . . . it received no benefit from its pass-through tax status because it never had any entity-level tax obligations.” | 12 |
| 6 | Gold v. United States (In re Kenrob Information Technology Solutions, Inc.) | green | “a debtor incurs a debt to a creditor when the creditor has a claim against the debtor, even if the claim is unliquidated, unmatured, unfixed or contingent.” | 12 |
| 7 | Gold v. United States (In re Kenrob Information Technology Solutions, Inc.) | green | “the money that northlake would have paid to the federal government directly had it not elected to be an s corporation.” | 12 |
A red or yellow flag on a member means the underlying case has negative treatment: for those, check the case page before relying on the passage.