- 11 U.S.C.
In re South Side House LLC
Jun
27
2011
Ruling
Bank allowed claims for loan principal and interest, including default interest and special servicer fees but not prepayment consideration or speculative special servicer fees.
Procedural posture
Debtor LLC filed a petition under chapter 11 bankruptcy case, and continued to operate its business managing a building it owned in Brooklyn, New York, as a debtor-in- possession, pursuant to 11 U.S.C.S. §§ 1107 and 1108. A national bank filed a claim against the debtor's bankruptcy estate, and the debtor filed an objection to the bank's claim and asked the court for an order that modified the bank's claim.
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Court
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