Legal Opinion
Official Committee of Unsecured Creditors v. UMB Bank, N.A. (In re Residential Capital, LLC)
United States Bankruptcy Court, S.D. New York
Decided November 15, 2013No. Case No. 12-12020 (MG) Jointly Administered; Adversary Proceeding No. 13-01277(MG), Adversary Proceeding No. 13-01343 (MG)PublishedCited by 16 opinions
1Opinion of the Court
MEMORANDUM OPINION, AND FINDINGS OF FACT AND CONCLUSIONS OF LAW, AFTER PHASE I TRIAL
MARTIN GLENN, UNITED STATES BANKRUPTCY JUDGE
ResCap and the Creditors’ Committee (the “Plaintiffs”) are co-proponents of a reorganization plan that treats the junior secured noteholders (“JSNs”) as underse-cured, but would pay them the face amount of all principal and prepetition interest ($2.222 billion, less $1.1 billion re*556paid postpetition). The JSNs voted against and oppose confirmation of the plan.
The JSNs contend they are oversecured and entitled to postpetition interest (at the default rate) and fees;…
2Cases cited64 opinions
- United Sav. Assn. of Tex. v. Timbers of Inwood Forest Associates, Ltd.Supreme Court of the United States · 1988
- United States v. BestfoodsSupreme Court of the United States · 1998
- Associates Commercial Corp. v. RashSupreme Court of the United States · 1997
- In the Matter of Douglas R. Prince and Jane Prince, Debtors-AppellantsCourt of Appeals for the Seventh Circuit · 1996
- In re Owens CorningCourt of Appeals for the Third Circuit · 2005
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3Cited by16 opinions
- In re Sabine Oil & Gas Corp.United States Bankruptcy Court, S.D. New York · 2016
- In re ChristensenUnited States Bankruptcy Court, D. Utah · 2016
- In re Sabine Oil & Gas Corp.United States Bankruptcy Court, S.D. New York · 2016
- In re Residential Capital, LLCUnited States Bankruptcy Court, S.D. New York · 2014
- Sklar v. Susquehanna Bank (In re Global Protection USA, Inc.)United States Bankruptcy Court, D. New Jersey · 2016
11 more not listed; retrieve them via the Exa API.