“A loaf of bread, a container of milk, and a stick of butter.” This Sesame Street sound bite, lodged in the deepest recesses of our brains, to be sure, came to mind after reviewing the recent decision rendered by Judge Martin Glenn of the U.S.
The Appropriate Interest Rate Under ' 506(b)
The recent decision rendered by Judge Martin Glenn of the U.S. Bankruptcy Court for the Southern District of New York in the Chapter 11 cases of Residential Capital, LLC (ResCap) on the oft-disputed issue of the appropriate interest rate calculation under Section 506(b) of the Bankruptcy Code is discussed.
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