Banking: Oversecured Lenders Face Difficulty Collecting Interest

It has been said: "'In a bankruptcy case, interest is the tail of the dog, but it is a long tail and it wags a lot.'" In re Milham, 141 F.3d 420, 421 (2d Cir. 1998) (quoting Dean Pawlowic's 1995 article, "Entitlement to Interest Under the Bankruptcy Code," in the Bankruptcy Developments Journal).

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