Default Interest Payable to Oversecured Creditor Subject to Reasonableness Limitation.
Mondaq Business Briefing › Nbr. 2005, January 2005
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Default Interest Payable to Oversecured Creditor Subject to Reasonableness Limitation.
Originally published July/August 2005
It is generally well understood that an oversecured creditor is entitled to interest, and to the extent provided for under a loan agreement, related fees and charges as part of its secured claim in a bankruptcy case. Even so, certain kinds of fees and charges may be limited if the bankruptcy court decides that they are not reasonable. What qualifies as "reasonable" and, more generally, what kinds of charges are subject to this limitation, have been subjects of con...See the full content of this document
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