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Home / Opinions / Courts / 8th U.S. Circuit Court of Appeals / Bankruptcy: Post-Petition-Default Interest-Oversecured Creditor

Bankruptcy: Post-Petition-Default Interest-Oversecured Creditor

Where a bank challenged an order of the bankruptcy court denying its motion for the allowance of post-petition  default interest, the bank, as an oversecured creditor, had the unqualified right to petition for interest and the interest should be computed at the rate provided in the parties’ agreement if allowed by law, and there were ...