Creditor may recover a prepayment penalty in a solvent case even though the penalty is not reasonable under section 506(b) of the Bankruptcy Code

Date

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Location
USA
Firm
Cadwalader Wickersham & Taft LLP
Tags
USA
Insolvency & Restructuring
Litigation
Cadwalader Wickersham & Taft LLP
Shareholder
Debtor
Collateral (finance)
Interest
Maturity (finance)
Secured creditor
Unsecured creditor
Secured loan
Title 11 of the US Code
United States bankruptcy court
First Circuit