Insolvency Won't Rescue You From a 16% Default Rate: 33 Mako, § 506(b), and the Price of Being Oversecured Lenders' Counterparty

A bankruptcy judge enforced a 16% default rate against an insolvent estate under § 506(b). Why insolvency alone won't defeat default interest, plus the Fifth Circuit angle.

CHAPTER 7CHAPTER 13BANKRUPTCYCHAPTER 11SUBCHAPTER V BANKRUPTCYBUSINESS LAW