- 11 U.S.C.
In re Price Oil Inc.
Nov
14
2006
Ruling
Mortgagee creditor was not entitled to claim for interest at default rate where there was no event of default.
Procedural posture
Before the court was the first mortgagee's motion for further payment of proceeds from the sale of realty. The second mortgagee filed an objection to the motion. At issue was the proper interest rate applicable to the first mortgage claim.
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Court
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