Default Interest No Longer Wiped Out by a "Cure" in Chapte...
11/17/16
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Default Interest No Longer Wiped Out by a "Cure" in Chapter 11 Cases
Lexology (registration)
Debtors can no longer use “cure” provisions in Chapter 11 reorganization plans to wipe out contractual default interest owed on secured loans, according to a November 4, 2016 decision from the 9th U.S. Circuit Court of Appeals (Pacifica L 51, LLC v.
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Lexology (registration)
Debtors can no longer use “cure” provisions in Chapter 11 reorganization plans to wipe out contractual default interest owed on secured loans, according to a November 4, 2016 decision from the 9th U.S. Circuit Court of Appeals (Pacifica L 51, LLC v.
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