Wells Fargo Bank, N.A. v. Beltway One Development Group, LLC (In Re Beltway One Development Group, LLC)
United States Bankruptcy Appellate Panel for the Ninth Circuit
1Opinion of the Court
OPINION
KIRSCHER, Bankruptcy Judge:
Creditor Wells Fargo Bank, N.A., appeals the bankruptcy court’s decision to deny accrued postpetition, pre-effective date 1 default interest on Wells Fargo’s allowed, oversecured claim pursuant to the Debtor’s chapter 11 2 plan of reorganization, which did not cure the prebankruptcy default. We REVERSE and REMAND.
I. FACTUAL BACKGROUND AND PROCEDURAL HISTORY
A. Events leading to the bankruptcy case
Chapter 11 debtor, Beltway One Development Group, LLC, owns and operates the Desert Canyon Business Park, a 15-acre master planned business park located in Las Vegas.…
2Cases cited18 opinions
- United States v. Ron Pair Enterprises, Inc.Supreme Court of the United States · 1989
- Travelers Casualty & Surety Co. of America v. Pacific Gas & Electric Co.Supreme Court of the United States · 2007
- Rake v. WadeSupreme Court of the United States · 1993
- In Re Joseph C. Taddeo and Ellen A. Taddeo, Debtors. Elfriede Di Pierro v. Joseph C. Taddeo and Ellen A. Taddeo and Richard J. McCord Interim TrusteeCourt of Appeals for the Second Circuit · 1982
- In the Matter of Wayne M. Laymon, Debtor. Theron Bradford, Trustee v. James Crozier, TrusteeCourt of Appeals for the Fifth Circuit · 1992
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