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    Grand Court strikes out creditor's winding-up petition and comments on relationship with arbitration clauses
    11 June 2021

    Facts
    Strike out
    Stay in favour of arbitration
    Comment

    Cayman Islands, Insolvency & Restructuring, Ogier
    Grand Court strikes out creditor's winding-up petition and comments on relationship with arbitration clauses
    10 June 2021

    Cayman Islands, Arbitration & ADR, Insolvency & Restructuring, Litigation, Private Client & Offshore Services, Ogier, Winding-up
    Sixth Circuit rules in favor of bank and resolves conflict among bankruptcy courts concerning whether the arrearage amount on mortgages includes fees and costs permitted by the contract terms and non-bankruptcy law
    19 October 2010

    Deutsche Bank held an under-secured home mortgage from a Chapter 13 debtor. The debtor was in arrears, but wanted to retain possession and control of her home. Thus, in her Chapter 13 plan, the debtor proposed to cure the arrearage, as required by 11 U.S.C. § 1322(e). The problem, however, was that the parties could not agree on the arrearage amount.

    USA, Banking, Insolvency & Restructuring, Litigation, Frost Brown Todd LLP, Bankruptcy, Costs in English law, Debtor, Collateral (finance), Statutory interpretation, Federal Reporter, Mortgage loan, Attorney's fee, US Congress, Deutsche Bank, Westlaw, US Code, United States bankruptcy court, Sixth Circuit

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