Harvard Law School Bankruptcy Roundtable

The Bankruptcy Roundtable

Promoting the dissemination of academic and practitioner views of current bankruptcy issues

Subordination: A Functional and Theoretical Analysis
by Editor
September 22, 2026
By Steven L. Schwarcz and Isabelle Stewart (Duke University School of Law) Editor’s Note: Professor Schwarcz and Isabelle’s article will appear in the Journal of Corporation Law (forthcoming March 2027). There has been no serious scholarship on subordination since a 1961 Yale Law Journal article which described subordination as then utilized and discussed how it applied in practice. This Article… Read more: Subordination: A Functional and Theoretical Analysis

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