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In re Sagamore Partners Ltd.

In re Sagamore Partners Ltd.

Ruling
Creditor that failed to provide sufficient notice of default was not entitled to default rate of interest in debtor's chapter 11 plan.
Issue(s)
Was plan that did not provide mortgage creditor with default rate of interest properly confirmed?

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Commercial opinion summary, case decided on February 26, 2014 , LexisNexis #0714-023