In re Moody Natl SHS Houston H LLC

Ruling: 
Debtor required to pay default interest on note in compliance with state law.
Procedural posture: 
Debtor, a tenant-in-common owner of a hotel damaged by a hurricane, proposed to cure its defaults on a $ 14,431,000 promissory note secured by its interest in the hotel, seeking to obtain confirmation of a chapter 11 plan that would allow it to avoid foreclosure of its noted by the successor in interest to the mortgagee-creditor. The issue was what was required for the debtor to cure the note.
Issue: 
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Commercial case opionion summary, case decided on March 24,2010, LexisNexis #0610-130