Post-administration interest: Lehman Waterfall | Practical Law

Post-administration interest: Lehman Waterfall | Practical Law

The High Court has held that the equitable presumption that creditors can treat payments to them as applied first to outstanding interest and then to the principal debt, does not apply when calculating how much statutory interest is due on the principal for periods after the debtor’s entry into administration.

Post-administration interest: Lehman Waterfall

Practical Law UK Articles 5-618-3053 (Approx. 4 pages)

Post-administration interest: Lehman Waterfall

by Clifford Chance LLP and Practical Law Restructuring and Insolvency
Published on 27 Aug 2015
The High Court has held that the equitable presumption that creditors can treat payments to them as applied first to outstanding interest and then to the principal debt, does not apply when calculating how much statutory interest is due on the principal for periods after the debtor’s entry into administration.