Tag Archives: Suzanne Mourad

What’s Your Interest in Interest? Lenders’ Rights to Post-Confirmation Default Rate Interest

Lenders often set a default rate of interest in a loan agreement as protection if the borrower defaults. They expect the courts to honor the rate, but it doesn’t always happen. Attorneys Jeffrey Wurst and Suzanne Mourad explain how conflicting clauses in the bankruptcy code often allow the borrower to roll back the interest rate.