Creditors are entitled to ‘default interest’ when the debtor is solvent.

Electing English law upheld, even though no one had any connection with the U.K.

Foreclosing on cash doesn’t moot an appeal from the order modifying the automatic stay as to cash.

Delaware district judge holds that the final bid at auction, not the lender’s last credit bid, fixes the value of the lender’s collateral.

Even though the price and terms were ‘entirely fair,’ Bankruptcy Judge Garrity disapproved DIP financing that would have locked in the right of controlling shareholders to purchase new stock at a 20% discount.

Bankruptcy Judge Glenn hints that the lenders and the debtor should mediate tough questions about the enforceability of a $150 million ‘sale’ of future credit card receivables.

Even if flip clauses are ipso facto clauses, the Second Circuit holds that enforcement is permitted by the safe harbor in Section 560.

The UCC protects retainers in the hands of lawyers from secured lenders bent on glomming their collateral.

Reclamation creditors no longer have liens or administrative claims if a secured lender sucks up all the value in reclaimed goods.

In a rapid-fire appeal, the Fifth Circuit ruled that the Small Business Act bars bankruptcy courts from enjoining the SBA.