· 3/22/1989
Connecticut General Life Insurance v. Schaumburg Hotel Owner Ltd. Partnership (In Re Schaumburg Hotel Owner Ltd. Partnership)
Citations
- 97 B.R. 943
- 1989 Bankr. LEXIS 416
How courts have described this case
Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.
- concluding that, with regard to liquidated damages clause, parties not required to make the best estimation of damages, just one that is reasonable
- concluding that, with regard to liquidated damages clause, parties not required to make the best estimation of damages, just one that is reasonable
- “Claims filed in bankruptcy are prima facie presumed valid under 11 U.S.C. § 502(a) and are prima facie proof of their validity under Bankr. R. 3001(f
- if damages are easily calculable, prepayment penalty will be disallowed
- damages not calculable when parties executed loan documents
Source: CourtListener parenthetical corpus (CC0).
Judges: Jack B. Schmetterer
Read full opinion on CourtListenerSourced from CourtListener / Free Law Project (CC0).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.