EASTERBROOK, Chief Judge.
At the height of its prosperity, Altheimer & Gray, a law firm founded 1914 in Chicago, had offices in 11 cities: Bratislava, Bucharest, Chicago, Istanbul, Kiev, London, Prague, San Francisco, Shanghai, Springfield, and Warsaw. But in 2003 it entered involuntary bankruptcy after it failed to pay its landlord and other creditors. The firm's creditors approved a liquidation under which debts to its partners would be subordinated to debts...
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