Case Name:
In re Group Commc'ns, Inc.
Judge:
Judge Boulden
Date:
Oct-2-1990
Case Number(s):
88B-3045
Status:
UNPUBLISHED
Body:
Chapter 11 debtor objected to two proofs of claim filed by creditor, asserting that interest on under-secured notes ceased to accrue upon co-makers' filing of a bankruptcy petition. The court held that interest continued to accrue on debtor's obligation until the filing of debtor's own petition. The court also held that an order in the co-makers' bankruptcy case, which incorporated the terms of a stipulation between creditor and the co-makers regarding the fair market value of the property, the amounts secured, and the amounts owed by co-makers, had no res judicata effect in debtor's case. Debtor's objection to the claims was denied.
Internal Ref:
Opinion 313
File: