First Bank Investors' Trust, Creditor-Appellant v. Tarkio College, Debtor-Appellee
Court of Appeals for the First Circuit
1Opinion of the Court
BOWMAN, Circuit Judge.
This case arises from Tarkio College’s bankruptcy proceeding. The question presented is whether First Bank Investors’ Trust (FBIT), as an oversecured creditor, is entitled to recover interest at the basic con-traeted-for rate of twelve percent or at the post-maturity rate of sixteen percent on the unpaid balance of a promissory note executed by Tarkio to FBIT’s predecessor-in-interest. The decision of the District Court, 2 affirming the decision of the Bankruptcy Court, 3 limits FBIT’s recovery to the twelve percent rate of interest. FBIT appeals. We affirm.
I
Tarkio…
2Cases cited10 opinions
- Singleton v. WulffSupreme Court of the United States · 1976
- Universal Title Insurance Company, a Minnesota Corporation v. United StatesCourt of Appeals for the Eighth Circuit · 1991
- Norden v. FriedmanSupreme Court of Missouri · 1988
- Spires v. LawlessMissouri Court of Appeals · 1973
- Southern Technical College, Inc. v. James W. Hood, Southern Technical College, Inc. v. Graham Properties PartnershipCourt of Appeals for the Eighth Circuit · 1996
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3Cited by58 opinions
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- In Re Crystal Properties, Ltd.Court of Appeals for the Ninth Circuit · 2001
- Amtech Lighting Services Co. v. Payless Cashways (In Re Payless Cashways, Inc.)United States Bankruptcy Appellate Panel for the Eighth Circuit · 1999
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