In Re Young

MEMORANDUM OPINION SUSTAINING OBJECTION TO CLAIM

SUSAN V. KELLEY, Bankruptcy Judge.

In Rake v. Wade, resolving a split among the Circuits, the Supreme Court held that when a chapter 13 debtor proposes to cure a default on a home- mortgage, the mortgage creditor is entitled to interest on the mortgage arrearages, i.e., interest on interest, even if such interest is not provided in the note and mortgage between the parties. 508 U.S. 464, 113 S.Ct. 2187, 124 L.Ed.2d 424 (1993). The following year, Congress amended § 1322(e) of the Bankruptcy Code to state that the amount necessary to cure a…