In re Oakwood Homes Corp.
Jun
09
2006
Ruling
Court upheld bankruptcy court's decision to discount principal portion of creditor's claims to present value but held that, under section 502(b), bankruptcy court could not also disallow postpetition interest.
Procedural posture
Appellant creditor sought review in the District Court for the District of Delaware of a bankruptcy court's decision in a debtor's chapter 11 case to reduce the creditor's claims pursuant to 11 U.S.C. § 502(b) following objections by appellee indenture trustee. The district court affirmed. The creditor appealed.
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