- 11 U.S.C.
In re Erie Playce LLC
Dec
07
2010
Ruling
Chapter 11 debtors could pay contract rate of interest to mortgagee pending confirmation of plan within reasonable time.
Procedural posture
Debtor was a single asset real estate debtor. It filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code. An assignee from a secured creditor holding a mortgage on real estate owned by debtor filed an objection to debtor's Motion to Direct the Receiver to Make Payments to the Assignee and Related Relief (Motion) under 11 U.S.C.S. § 362(d)(3).
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Court
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