Accrued Interest, Judgment and Unsecured Creditor

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Accrued Interest

Judgment

Unsecured Creditor

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]

Debtor

Debtor Bankruptcy Creditors Unsecured Creditor

SURVIVING FINANCIAL DISTRESS FROM COVID-19 IN THE RESTAURANT, BAR, AND SERVICE INDUSTRY

BN Lawyers

MARCH 23, 2020

Low Priority: Unsecured Lenders and other Creditors. Unsecured lenders should generally be willing to defer payments. For an unsecured creditor to obtain a recovery, it would need to engage in a months-long legal process to obtain a judgment that could be halted at any point by a chapter 11 bankruptcy reorganization.

Bankruptcy

Bankruptcy Creditors Lender Lawyers

Creditor Collections Today

Solvent Debtors Must pay the Contractual Post-Petition Interest Rate on Unimpaired Claims

SURVIVING FINANCIAL DISTRESS FROM COVID-19 IN THE RESTAURANT, BAR, AND SERVICE INDUSTRY

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