Oversecured Creditor Granted ‘Default’ Interest on a Loan Purchased at Discount
District judge in Connecticut upheld an award of ‘default’ interest, even though the fully secured lender had opposed the chapter 11 process and resisted the use of its cash collateral.
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Case Details
Case Citation
Official Creditors’ Committee v. Entrepreneur Growth Capital (In re Latex Foam International LLC), 21-01311 (D. Conn. March 8, 2023)
Case Name
Official Creditors’ Committee v. Entrepreneur Growth Capital (In re Latex Foam International LLC)
Case Type
Business