Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Corinne Ball

On Jan. 19, 2019, the U.S. Court of Appeals for the Fifth Circuit held that contractual make-whole damages claims arising out of a bankruptcy filing should be characterized as claims for “unmatured interest” within the meaning of §502(b)(2) of the Bankruptcy Code and therefore disallowed. Ultra Petroleum et al. v. Ad Hoc Comm. of Unsecured Creditors of Ultra Res. (In re Ultra Petroleum), 913 F.3d 533 (5th Cir. 2019) (Ultra Petroleum). Facing the unusual fact of a solvent debtor, the court also held that claims for post-petition interest on unsecured debts in a solvent case are unlikely to be calculated with reference to contractual default rates, though it ultimately remanded to the bankruptcy court for such determination.

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at customercare@alm.com


General Counsel Summit (GCS) 2020Event

General Counsel Summit is the premier event for in-house counsel, hosting esteemed legal minds from all sectors of the economy.

Get More Information

General Counsel Conference 2020Event

General Counsel Conference addresses trends in regulatory, data protection, tech management, legal operations, and leadership.

Get More Information

Women, Influence & Power in Law (WIPL) 2020Event

WIPL is the original global forum facilitating women-to-women exchange on leadership and legal issues.

Get More Information

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.