In Re Samuel Duke Cardelucci, Debtor. Willem Onink, Marsha Onink v. Samuel Duke Cardelucci
Court of Appeals for the Ninth Circuit
1Opinion of the Court
OPINION
ZILLY, District Judge.
Appellants Willem and Marsha Onink appeal the district court’s application of the federal interest rate as defined by 28 U.S.C. § 1961(a) to an award of post-petition interest pursuant to 11 U.S.C. § 726(a)(5). This appeal presents the narrow but important issue of whether such post-petition interest is to be calculated using the federal judgment interest rate or is determined by the parties’ contract or state law. We conclude that 11 U.S.C. § 726(a)(5) mandates application of the federal interest rate. Accordingly, we AFFIRM.
Appellee Samuel Duke Cardelucci owns…
2Cases cited18 opinions
- Dandridge v. WilliamsSupreme Court of the United States · 1970
- Hanna v. PlumerSupreme Court of the United States · 1965
- Heller v. Doe Ex Rel. DoeSupreme Court of the United States · 1993
- Katchen v. LandySupreme Court of the United States · 1966
- Kaiser Aluminum & Chemical Corp. v. BonjornoSupreme Court of the United States · 1990
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