Tag Archives: claim determination

Challenging a Bankruptcy Sale: You Snooze, You Lose

Reynolds v. Rushton, 473 B.R. 436 (D. Utah 2012) – Reynolds involves a challenge to a Chapter 7 trustee’s Section 363 sale of an underground coal mine together with an adjoining scale house located on leased land.  The scale house contained … Continue reading

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Can Default Interest And Late Fees Be Excluded From Secured Claims? … Maybe, Maybe Not

In re 785 Partners LLC, 470 B.R. 126 (S.D.N.Y. Bankr. 2012) – Although the general rule is that creditors are not entitled to post-petition interest and fees, that is not necessarily the case for an over-secured lender. In 785 Partners, the … Continue reading

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Mortgage Loan Sales / Guarantees: Freedom of Contract And Double Counting

In re Kaid, 472 B.R. 1 (Bankr. E.D. Mich. 2012) – Can a mortgagee retain the right to collect on a guarantee after a sale of the guaranteed note and mortgage?  In Kaid, the answer was yes; but to avoid … Continue reading

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Usurious Loan Claim: What Is An Equitable Result?

In Re Loucheschi LLC, 471 B.R. 777 (Bankr. D. Mass 2012) – When a lender makes a loan that does not comply with usury laws it runs a risk that not only will interest and charges be disallowed, but also the … Continue reading

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Chapter 11 Secured Loans: “Lien Stripping” Lives

In re Heritage Highgate, Inc., 679 F.3d 132 (3rd Cir. 2012) – In Heritage Highgate, the secured claims of a group of investors were valued at zero for purposes of treatment in a plan of reorganization, with the result that their … Continue reading

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