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Committee's Attack upon Lender's Make-Whole Premium Denied

2013-06-29 16:24:00| Furniture - Topix.net

The United States Bankruptcy Court for the District of Delaware recently upheld a $23.7 million make-whole payment in In re School Specialty , denying the assertion by the Official Committee of Unsecured Creditors that the fee is unenforceable under the United States Bankruptcy Code and applicable state law.

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