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Geraldine Ponto, Jason Blanchard Analyze Recent Decisions Regarding Whether a Market Rate of Interest Should Apply to a Secured Creditor's Claim in a "Cramdown" Plan Under Chapter 11

Articles / July 19, 2018

Partner Geraldine Ponto and Associate Jason Blanchard authored the article, “Momentive and the Efficient Market Test: Another Appellate Court’s Take on Cramdown Interest Under a Chapter 11 Plan but the Standard is Still Obscure,” published in the June 2018 edition of the Norton Journal of Bankruptcy Law and Practice. The authors discuss the Second Circuit’s adoption of a two-step test for determining the appropriate rate of interest on secured debt in a “cramdown” plan and the hurdles dissenting secured creditors may face in litigating for the highest protection possible.

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