Connecticut District Court Rules That Oversecured Creditor Was Not Entitled to Postpetition Default Interest Until Unsecured Creditors Were Paid In Full
By EsqSocial Corporation 26/02/14
Section 506(b) of the Bankruptcy Code allows secured creditors to receive post-bankruptcy or postpetition interest, also known as pendency interest, when the value of their collateral exceeds the amount they are owed. However, there is no provision...
By: Pullman & Comley, LLC