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Lender’s Attorneys Paid Twice the Debtor’s Counsel Fees

Unnecessarily holding the lender’s feet to the fire resulted in the allowance of attorneys’ fees to the lender that were twice the debtor’s counsel fees.

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eboltz@lojto.com

Lesson #1 learned: Don’t bust the chops of a fully secured lender who’s armed with a fee-shifting clause in the loan agreement.

Lesson #2 already known: Don't worry about busting the chops of debtors, even when they're armed with fee shifting statutes in oft disregarded consumer protection laws.

Fri, 2024-01-12 09:30 Permalink
dwadsworth@wgw…

A January 5, 2024 opinion from the Colorado bankruptcy court in In re Sirios, Case No. 20-16709 (Docket No. 262), provides a nice contrast to the Damon Capital case. In the Sirios case, the court substantially reduced a lender's attorneys' fees.

Fri, 2024-01-12 10:11 Permalink