Skip to main content

Wells Fargo Bank N.A. v. Beltway One Dev. Grp. LLC (In re Beltway One Dev. Grp. LLC)

Wells Fargo Bank N.A. v. Beltway One Dev. Grp. LLC (In re Beltway One Dev. Grp. LLC)

Ruling
Bankruptcy court erred in denying interest on creditor's claim that accrued postpetition, at the default rate the debtor LLC agreed to pay.
Issue(s)
Did the bankruptcy court err in its decision to deny accrued postpetition, pre-effective default interest on creditor bank's allowed, oversecured claim pursuant to the debtor's chapter 11 plan, which did not cure the prebankruptcy default?

ABI Membership is required to access the full summary of Wells Fargo Bank N.A. v. Beltway One Dev. Grp. LLC (In re Beltway One Dev. Grp. LLC) Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member

Court :
Judge or Jurisdiction information not available
Commercial opinion summary, case decided on March 31, 2016 , LexisNexis #0416-134