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the United States Court of Appeals for the Ninth Circuit held that solvent-debtors are required to pay unimpaired creditors their bargained for post-petition interest rate. [1] 7] Generally, under the Bankruptcy Code, once a debtor files for bankruptcy, an unsecured claim no longer accruesinterest. [8]
In a Chapter 12 bankruptcy, the debtor generally proposes a plan for repaying creditors from future earnings. [1] 1] Under a Chapter 12 plan, secured creditors will generally be paid in full, while unsecuredcreditors will often receive less than full payment. [2] The interest rate may be the subject of dispute.
You should consider the expenses for furloughed employees against the good-will that may accrue for keeping them on staff. Low Priority: Unsecured Lenders and other Creditors. Unsecured lenders should generally be willing to defer payments. No Priority: Distributions to Equity.
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