OCTOBER 28 @ 12:00 PM – 1:15 PM | REGISTER HERE
1.25 Hours MCLE; 1.25 Legal Specialization in Bankruptcy Law. Special low price!
The panelists will discuss the timely and highly disputed issues relating to default interest in the bankruptcy context, including the following:
Background – default interest allowance and disallowance in the 9th Circuit, including analysis as to whether this precedent is still good law or subject to dispute (i.e., In re Entz-White Lumber & Supply, Inc., 850 F.2d 1338m 1988 U.S. App. LEXIS 8780; GE Capital Corp. v. Future Media Prods., 547 F.3d 956, 958, 2008 U.S. App. LEXIS 22367; Wells Fargo Bank, N.A. v. Beltway One Dev. Grp., LLC (In re Beltway One Dev. Grp., LLC), 547 B.R. 819 2016 Bankr. LEXIS 1080, and other 9th Circuit rulings);
California Law – how to reconcile “alternative performance” cases with penalty cases, including an analysis of Civil Code § 1671(b) and matured v. unmatured loans;
Loan Origination and Negotiations – Bargaining power and sophistication at loan origination and effect on default interest allowance;
Altadena Decisions – the effect of the District Court’s reversal in East West Bank v. Altadena Lincoln Crossing, LLC, 598 B.R. 633 (C.D. Cal. Mar. 6, 2019), including a legal analysis and practical aspects relating to this case;
Practical Application – the importance of handling default interest issues at the onset of Chapter 11 cases, including the effect on Plan confirmation and sub-chapter V matters;
Beyond Default Interest – relation of analysis to attorneys’ fees, prepayment premiums/penalties, and late charges.