• What’s Your Interest in Interest?
  • April 20, 2017 | Authors: Suzanne Mourad; Jeffrey A. Wurst
  • Law Firm: Ruskin Moscou Faltischek, P.C. - Uniondale Office
  • Lenders often seat a default rate interest in a loan agreement as protection if the borrower defaults. They expect the courts to honor the rate, but it doesn’t always happen. Attorney Jeffrey Wurst and Suzanne Mourad explain how conflicting clauses in the bankruptcy code often allow the borrower to roll back the interest rate.