In re Cantwell

William Mackin

Case Conclusion Date:January 4, 2006

Practice Area:Bankruptcy / Debt

Outcome:Reduced interest rate demanded by mortgagee

Description:Personal chapter 11 case in which the court agreed with my position that the Supreme Court’s decision in the chapter 13 case of Till v. SCS Credit Corp., 541 U.S. 465 (2004) was equally applicable to chapter 11 cases and allowed the debtors to use a cram-down rate of interest, based on the “formula method” in their plan over the objection of a secured creditor.