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John J. Rapisardi, a partner at Weil, Gotshal & Manges and an adjunct professor at Pace University School of Law, reviews the first federal circuit court decision to address the appropriate method for determining the cramdown rate of interest applicable to secured claims in chapter 11 cases since the Supreme Court decided only the formula method was appropriate to calculate cramdown rates in chapter 13 cases but left open the question of whether it should also apply to chapter 11 cases.
November 16, 2005 at 12:00 AM
1 minute read
Presented by BigVoodoo
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