• New York Bankruptcy Court Holds In AMR That "Make-Whole" Amounts Are Not Due Following Automatic Acceleration Upon Default
  • February 13, 2013 | Author: Gabriel I. Glazer
  • Law Firm: Stutman, Treister & Glatt Professional Corporation - Los Angeles Office
  • On January 17, 2013, the Bankruptcy Court for the Southern District of New York ruled that the debtors could use funds borrowed postpetition to redeem secured notes issued prepetition, without having to pay any "make-whole" amounts under the prepetition indentures at issue in In re AMR Corp., Case No. 11-15463 (SHL).