Friendly Finance Discount Corp. v. Bradley

This case arises under chapter 13 of the new Bankruptcy Code, 11 U.S.C. §§ 1301-1330 (Supp. V 1981), and requires us to decide, first, whether a chapter 13 wage-earner plan may be confirmed despite the fact that it permits a fully secured creditor to be paid “outside of the plan,” second, whether a section 1301 stay may prevent a creditor from collecting accelerated legal (as opposed to contractual) interest from an accommodation maker, and third, whether the creditor’s twenty-five-percent attorney’s fee in this case should be calculated on the basis of the state-court judgment of…