Legal Opinion
DeNofa v. National Loan Investors, L.P.
Court of Appeals for the Third Circuit
Decided February 17, 2005No. 04-1686PublishedCited by 3 opinions
1Opinion of the Court
OPINION OF THE COURT
FISHER, Circuit Judge.
Appellant National Loan Investors, L.P. (“NLI”) appeals from the District Court’s ruling that it was not entitled to post-bankruptcy petition interest on a loan extended to the Appellee-Debtors, Michael E. and Tommye DeNofa. Post-petition interest is available under § 506(b) of the Bankruptcy Code where a debt is oversecured, i.e., where the value of the property *730securing the debt exceeds the amount of the debt itself. The District Court found that only property securing the loan which belonged to the bankruptcy estate — and not third-party property…
2Cases cited5 opinions
- Russello v. United StatesSupreme Court of the United States · 1983
- KP Permanent Make-Up, Inc. v. Lasting Impression I, Inc.Supreme Court of the United States · 2004
- Ki Se Lee Hyang Mahn Yang v. John Ashcroft, Attorney General of the United StatesCourt of Appeals for the Third Circuit · 2004
- Kimberly Mitchell Kenneth Mitchell v. Pat Cellone P & R Properties, Inc. P & R Properties, LpCourt of Appeals for the Third Circuit · 2004
- The Circle School v. PappertCourt of Appeals for the Third Circuit · 2004
3Cited by3 opinions
- In Re WilliamsUnited States Bankruptcy Court, E.D. Pennsylvania · 2006
- Official Committee of Unsecured Creditors v. UMB Bank, N.A. (In re Residential Capital, LLC)United States Bankruptcy Court, S.D. New York · 2013
- Official Committee of Unsecured Creditors ex rel. estates of the Debtors v. UMB Bank, N.A.United States Bankruptcy Court, S.D. New York · 2013