Insolvency and Restructuring Update
SDNY Bankruptcy Court Allows Substantial Post-Petition and Default Interest for an Over-Secured Lender, but Caps the Interest Claim Based on New York's Usury Law

Created date


In a potentially important recent decision, the Bankruptcy Court for the Southern District of New York allowed substantial post-petition and default interest for an over-secured lender, but capped the lender's interest claim by the 25% interest rate limit provided by New York State usury law.

Related Practices