In re Croatan Surf Club LLC
May
25
2012
Ruling
Postpetition interest and attorneys' fees disallowed in proof of claim but allowed in part on creditor's motion.
Procedural posture
Chapter 11 debtor and a junior lender filed objections to a proof of claim filed by the senior lender. The senior lender filed a motion pursuant to 11 U.S.C.S. § 506(b) for post- petition interest on its secured claim, as well as attorney's fees if not allowed as asserted in its proof of claim. The senior lender also filed a motion for a superpriority administrative expense claim pursuant to 11 U.S.C.S. § 507(b).
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Court
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