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Official Comm. of Unsecured Creditors v. Dow Chem. Corp. (In re Dow Corning Corp.)

Ruling
Decision was reversed since bankruptcy court misinterpreted plan in violation of section 1129(b) and should have enforced creditor's contractual rights.
Procedural posture

Appellants/cross appellees, bankruptcy creditors, of appellee/cross- appellant debtor corporation argued that the District Court for the Eastern District of Michigan improperly affirmed the bankruptcy court's allowance of claims for post-petition interest at the non- default contract rate rather than at the contracts'default rate.

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Court :
Judge or Jurisdiction information not available
opinion summary, case decided on July 26, 2006 , LexisNexis #0806-066