Ninth Circuit Holds That Cure Amount May Include Post-Default Rate of Interest
In Pacifica L 51 LLC v. New Investments, Inc. , 840 F.3d 1137 , the Ninth Circuit Court of Appeals held that Section 1123 of the Bankruptcy Code provides that a cure amount may include a post-default rate of interest if the underlying loan documents and applicable non-bankruptcy law provide for the payment of post-default…