Atrium View LLC v. Eastern Savings Bank (In re Atrium View LLC)

Ruling: 
Prepayment premium claimed by first lienholder against proceeds of auction disallowed as unreasonable.
Procedural posture: 
Objectants, a Chapter 7 debtor and a third lienholder, asserted that a prepayment premium asserted by respondent first lienholder against the proceeds of an auction sale of certain real estate was unreasonable and should be disallowed pursuant to 11 U.S.C.S. § 506(b).
Issue: 
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Commercial case opionion summary, case decided on December 24,2008, LexisNexis #0209-008