Solvent Debtors: Make-Whole Premiums and Post-Petition Interest

On October 14, 2022, the U.S. Court of Appeals for the Fifth Circuit affirmed the decision of the U.S. Bankruptcy Court for the Southern District of Texas (Isgur, J.) allowing a claim against a solvent debtor for a make-whole premium and post-default interest totaling approximately $387 million. Ultra Petroleum Corp., et al. v.

Filed under:
USA, Insolvency & Restructuring, Litigation, Reed Smith LLP, United States bankruptcy court, Fifth Circuit, U.S. Court of Appeals
Authors:
Luke A. Sizemore , Victoria A. Sanford
Location:
USA
Firm:
Reed Smith LLP