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Delaware Bankruptcy Court Rules that Unsecured Creditors of a Solvent Debtor Are Entitled to Post-Petition Interest at the Federal Judgment Rate, Not the Default Interest Rate | Cadwalader, Wickersham & Taft LLP - Vimarsana News

Delaware Bankruptcy Court Rules that Unsecured Creditors of a Solvent Debtor Are Entitled to Post-Petition Interest at the Federal Judgment Rate, Not the Default Interest Rate | Cadwalader, Wickersham & Taft LLP

On December 22, 2021, Judge Mary Walrath of the Bankruptcy Court for the District of Delaware held in In re The Hertz Corp. that redemption premiums may potentially qualify as unmatured...

Who Has the Best Website of 2021? - Vimarsana News

Who Has the Best Website of 2021?

Who Has the Best Website of 2021? Top Websites in 96 industries will be recognized by the Web Marketing Association as part of the 25th annual international WebAward competition. The entry deadline for the 2021 WebAwards is May 28, 2021. A complete list of past winners and this year’s entry form can be found at www.webaward.org. Boston, MA, March 04, 2021 --(PR.com)-- The Web Marketing Association is pleased to announce the call for entries for its 25th annual international WebAward Competition for Website Development. The WebAwards are the standards-defining competition that sets industr...

Source: pr.com
Another Bankruptcy Court Weighs in on Postpetition Interest | Patterson Belknap Webb & Tyler LLP - Vimarsana News

Another Bankruptcy Court Weighs in on Postpetition Interest | Patterson Belknap Webb & Tyler LLP

To embed, copy and paste the code into your website or blog: Cuker Interactive, LLC filed a Chapter 11 bankruptcy petition on December 13, 2018, in the United States Bankruptcy Court for the Southern District of California.  Because it was solvent at confirmation, the debtor proposed to pay secured creditors in full, with interest at the contract rate, and general unsecured creditors in full, with postpetition interest at the “legal rate,” or a rate determined by the Court that leaves the creditors unimpaired.[1]   But what rate is that? Section 1124(1) provides that where a Chapter 11...