15Jan/100
Americredit auto bankruptcy interest
Till interest is good enough and at 7%. Prime is 3.25% and I am getting away with a Till rate of 3.86%. 4.25 should be easily defensible in the Dallas bankruptcy courts without making a radical argument and 4.75 should be a slam dunk. Americredit is fighting Till interest. And I now have to brief this issue. The bankruptcy attorney has told me that Americredit wants to fight every case until it hase a written opinion from every judge. Has any one else had to brief this issue. If so please share. Again, Americredit is fighting Till interest because there is no discharge in this case.
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