January 2019 Archives

To Be Enforceable, Default Interest Must Be Supported by Contemporaneous Evidence of a Relationship Between It and Foreseeable Actual Costs

In In re Altadena Lincoln Crossing LLC, Case No. 2:17-bk-14276-BB, the Bankruptcy Court for the Central District of California disallowed default interest on a large commercial loan after conducting an exhaustive review of California law concerning the enforceability of default interest.

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