In Re Spanish Lake Associates

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• listing five “elements” pertinent to the question of whether a provision calling for “negative amortization of ... post-confirmation interest” is “fair and equitable”
• plan not fair and equitable where negative amortization caused level of debt to be greater than on date of confirmation for eleven years after confirmation
• Debt to value ratio would reach 86.5%, putting the risk of failure on the creditor.
• Deferral for seven years and eleven years for debt to return to amount at confirmation was excessive.
• plan not fair and equitable where negative amortization caused level of debt to be greater than on date of confirmation for eleven years after confirmation
• deferral of interest at an accelerating rate over seven years is inequitable

Source: CourtListener parenthetical corpus (CC0).