Second Circuit Momentive Decision Adopts Two-Step Test for Cramdown ...

Second Circuit Momentive Decision Adopts Two-Step Test for Cramdown Rate; Creates Make-Whole Circuit Split
Lexology
Case No. 15-1682 (2d Cir. Oct. 20, 2017). The Second Circuit opinion has particular importance in its holding that the bankruptcy court had erred in the process that it used to determine the proper interest rate under the cramdown provision of Chapter ...

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