Dixon v. Florida Asset Financing Corp. (In Re Dixon)

MEMORANDUM OPINION

H. CLYDE PEARSON, Bankruptcy Judge.

Before the Court is an Application for interest, reasonable attorney’s fees, and expenses, pursuant to 11 U.S.C. § 506(b), filed by Creditor/Florida Asset Financing Corporation (“Florida Asset”). The application seeks an allowance of 36% interest on the promissory note executed by Debtor’s corporation, plus $30,722.00 in attorney’s fees, $1,793.72 as expenses, and $925.00 foreclosure costs. The Debtor does not contest that Florida Asset is substantially oversecured and that the amount requested for foreclosure costs should be allowed. There…