IN RE TIMBERS OF INWOOD FOREST ASSOCIATES, LTD.

No. 85-2678.

793 F.2d 1380 (1986)

In re TIMBERS OF INWOOD FOREST ASSOCIATES, LTD., Debtor. UNITED SAVINGS ASSOCIATION OF TEXAS, Movant-Appellee Cross-Appellant, v. TIMBERS OF INWOOD FOREST ASSOCIATES, LTD., Respondent-Appellant Cross-Appellee.

United States Court of Appeals, Fifth Circuit.

July 9, 1986.


Attorney(s) appearing for the Case

Leonard H. Simon, Daphne L. Levey, Tim Henderson, Houston, Tex., for respondent-appellant cross-appellee.

H. Miles Cohn, Houston, Tex., for movant-appellee cross-appellant.

Before GOLDBERG, RANDALL and JOHNSON, Circuit Judges.


RANDALL, Circuit Judge:

In a proceeding under the federal bankruptcy laws, an oversecured creditor (a secured creditor whose collateral is worth more than the amount of its debt) is entitled to receive at the conclusion of the proceeding interest on the debt accrued during the proceeding as a part of its allowed claim. By contrast, neither an undersecured creditor (one whose collateral is worth less than the amount of its debt) nor an unsecured creditor is entitled...

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