Third Circuit Finds ‘Make Whole Premiums’ Constitute Unmatured Interest That Must Be Paid By Solvent Debtor
A three-judge panel for the Third Circuit affirmed in part and reversed in part Delaware Bankruptcy Judge Mary F. Walrath’s decisions denying the Debtor, Hertz’s, noteholders’ post-petition claims for interest at the contract rate and make-whole premiums. Writing for the majority, Judge Thomas L. Ambro found that the noteholders had a right to contractual post-petition […]Continue reading