How Efficient Is Your Market?

June 2013
ABI Journal;Jun2013, Vol. 32 Issue 5, p44
The article discusses the court case Till v. SSCS Credit Corp. which highlighted the application of Till's formula approach to the cramdown of interest rate with respect in the context of a chapter 11 cases. It describes the cramdown interest rate as an interest rate that should be paid on an allowed secured claim. Moreover the formula approached as adopted is calculated based on the national prime rate or the Treasury bill rate and then adjusted on various risk factors.


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