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INTERNAL PROTOTYPE — NOT LEGAL ADVICE — DO NOT SEND

In Re D.C. Diamond Head, Inc., 51 B.R. 309 (1985)

Citation
In Re D.C. Diamond Head, Inc., 51 B.R. 309 (1985)
Parent Document
In Re D.C. Diamond Head, Inc., 51 B.R. 309 (1985)
Effective Date
1985-04-22

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749 F.2d 410, 420-21 (7th Cir.1984); "Frequently, the interest rates on long-term loans are substantially less than the current market rate.... The legislative history of [11 U.S.C. §] 1124(2) reveals that a creditor who is prevented from exercising a contractual and/or legal right of acceleration, but who receives the complete benefit of its original bargain with the debtor, is ‘not impaired' for purposes of Chapter 11 analysis.” 5