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In the Minority, 8th Circuit BAP Disregards Equitable Considerations in Allowing Default Interest

As long as the rate is legal under state law, considerations of equity will not allow a court to disallow default interest to an oversecured creditor under Section 506(b).

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Opinion Link

Case Details

Case Citation

Bank of Missouri v. Family Pharmacy Inc. (In re Family Pharmacy Inc.), 19-6025 (B.A.P. 8th Cir. March 19, 2020).

Case Name

Bank of Missouri v. Family Pharmacy Inc. (In re Family Pharmacy Inc.)

Case Type

Business
Court