- 11 U.S.C.
GE Capital Corp. v. Future Media Prods.
Oct
24
2008
Ruling
Creditor paid in full pursuant to stipulation rather than through chapter 11 plan was entitled to default rate of interest.
Procedural posture
Debtor sought relief in the bankruptcy court for the Central District of California. Pursuant to a stipulation, an oversecured creditor was paid $ 5,728,584, which included interest at the default rate. The creditors' committee objected to the default rate interest, and the bankruptcy court ordered the oversecured creditor to return the default rate differential to the debtor. The oversecured creditor appealed.
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Court
:
Judge or Jurisdiction information not available