Altadena Lincoln Crossing LLC, In re
Jul
03
2018
Ruling
Default interest provisions contained in the parties' agreements were not enforceable as they were intended to serve as a penalty to give the debtor a hefty incentive not to default under the agreements. (Bankr. C.D. Cal.)
Issue(s)
Determination of Secured Status; Allowance of Interest, Fees, Costs and Charges.
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Court
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