Legal Opinion
Rent-Rite Superkegs W., Ltd. v. World Bus. Lenders, LLC (In re Rent-Rite Superkegs W., Ltd.)
United States Bankruptcy Court, D. Colorado
Decided May 20, 2019No. Bankruptcy Case No. 17-21236 TBM; Adv. Pro. No. 18-1099 TBMPublishedCited by 5 opinions
1Opinion of the Court
Thomas B. McNamara, United States Bankruptcy Judge
I. Introduction.
Interest is the lubricant that keeps the machinery of the United States' financial markets humming. No bank wants to lend its money without some return on its capital. And no borrower expects to receive free funding from its lender. But what about 120.86% interest per year? It's hard to believe that the management of any legitimate United States company would ever agree to pay such an ultra-high rate of interest. It makes no sense. Even a fifth-grader taking an introduction to economics class should know better. But that is…
2Cases cited81 opinions
- Erie Railroad v. TompkinsSupreme Court of the United States · 1938
- Klaxon Co. v. Stentor Electric Manufacturing Co.Supreme Court of the United States · 1941
- Beneficial National Bank v. AndersonSupreme Court of the United States · 2003
- Vaden v. Discover BankSupreme Court of the United States · 2009
- Vanston Bondholders Protective Committee v. GreenSupreme Court of the United States · 1947
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3Cited by5 opinions
- Eclipse Service Inc v. LehnerDistrict Court, E.D. Wisconsin · 2023
- People of the State of California v. Federal Deposit Insurance CorporationDistrict Court, N.D. California · 2022
- Robinson v. National Collegiate Student Loan Trust 2006-2District Court, D. Massachusetts · 2021
- Source One Capital LLCUnited States Bankruptcy Court, W.D. Oklahoma · 2019
- ValorBridge Partners, LLC v. Intrust Bank, N.A.United States Bankruptcy Court, W.D. Oklahoma · 2019