Solvent Debtors Must pay the Contractual Post-Petition Interest Rate on Unimpaired Claims
ABI
JANUARY 22, 2023
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 accrues interest. [8]
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