Coppage v. Coleman

In this case two receivers are engaged in a dispute as to whether an interest bearing secured claim should accrue interest to the date of payment when the security admittedly is more than the amount of the claim. We conclude that it should and, therefore, we shall reverse the decision of the chancellor who apparently believed that the fact the secured debt was owed to a corpora tion also in receivership altered what might otherwise be the law.

Appellant, John H. Coppage, is Receiver of Security Financial Insurance Corporation (Security). Appellee, Tracy C. Coleman (Coleman), is Receiver of…