Bankr. L. Rep. P 73,388 in Re Holywell Corporation, Debtor. Holywell Corporation v. Bank of New York

TUTTLE, Senior Circuit Judge:

This is an appeal from an order of the district court dismissing as moot an appeal from the bankruptcy court's decision determining the amount, validity and extent of a creditor’s lien. Appellants primarily seek to challenge the interest rate used to calculate the amount of the lien.

I. STATEMENT OF THE CASE

Appellants are four Chapter 11 debtor companies and one individual Chapter 11 debtor, Theodore B. Gould, who owns, controls or dominates the four companies. Ap-pellee, the Bank of New York (“the Bank”), lent the debtors funds to finance the construction of a…