Can a debtor reinstate a defaulted loan under a Chapter 11 plan without paying default rate interest? This question was analyzed thoroughly in a recent Southern District of New York Bankruptcy Court decision by Judge Philip Bentley.
Tradition Financial Services Ltd v Bilta (UK) Ltd and others [2023] EWCA Civ 112
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United Kingdom, Company & Commercial, Insolvency & Restructuring, Litigation, Tax, White Collar Crime, Dechert LLP, Insolvency, HM Revenue and Customs (UK)