In Re Zamani
United States Bankruptcy Court, N.D. California
1Opinion of the Court
MEMORANDUM DECISION AND ORDER ON SANTA CLARA VALLEY NATIONAL BANK’S MOTION FOR AN ORDER TO DETERMINE THAT IT IS ENTITLED TO COLLECT DEFAULT INTEREST
MARILYN MORGAN, Bankruptcy Judge.
Introduction
The debtor, Michael Zamani, has proposed a plan of reorganization that would cure or pay off three promissory notes held by secured creditor Santa Clara Valley National Bank. Because the debt to the bank is over-secured, the bank is entitled to receive interest on its claims. However, the bank believes that the interest due should be calculated using the default rate of interest specified in the notes…
2Cases cited14 opinions
- In the Matter of TERRY LIMITED PARTNERSHIP, Debtor. Appeal of INVEX HOLDINGS, N.V.Court of Appeals for the Seventh Circuit · 1994
- In Re Entz-White Lumber And Supply, Inc.Court of Appeals for the Ninth Circuit · 1988
- Southland Corp. v. Toronto-Dominion (In Re Southland Corp.)Court of Appeals for the Fifth Circuit · 1998
- In Re Skyler RidgeUnited States Bankruptcy Court, C.D. California · 1987
- In Re Claremont Acquisition Corporation, Inc. Claremont Pontiac/gmc Truck, Inc. Claremont Ford, Inc. Claremont Cadillac, Inc. Claremont Isuzu, Inc. And Claremont Hyundai, Inc., Debtors. Cal Worthington Cal Worthington Dodge, Inc. And Claremont Acquisition Corporation, Inc. v. General Motors Corporation, in Re Claremont Acquisition Corporation, Inc. Claremont Pontiac/gmc Truck, Inc. Claremont Ford, Inc. Claremont Cadillac, Inc. Claremont Isuzu, Inc. And Claremont Hyundai, Inc., Debtors. General Motors Corporation v. Cal Worthington Cal Worthington Dodge, Inc. Claremont Acquisition Corporation, Inc. Claremont Pontiac/gmc Truck, Inc. Claremont Ford, Inc. Claremont Cadillac, Inc. Claremont Isuzu, Inc. And Claremont Hyundai, Inc.Court of Appeals for the Ninth Circuit · 1997
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