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Determining The Appropriate Interest Rate Under Till In A Bankruptcy Proceeding, C. Paul Wazzan
Determining The Appropriate Interest Rate Under Till In A Bankruptcy Proceeding, C. Paul Wazzan
Christopher P Wazzan
The determination of the appropriate rate of interest in a bankruptcy proceeding is guided by the United States Supreme Court’s decision in Till v. SCS Credit Com. which establishes a formula approach and states one should begin with the Prime Rate and then consider: 1) the circumstances of the bankruptcy estate; 2) the nature of the security; 3) the duration of the reorganization plan; and 4) the feasibility of the reorganization plan. The Supreme Court decision does not specify exactly what these four factors consist of. This paper attempts to superimpose economic principles on the Till decision and provide legal …
A Review Of The 2011 And 2013 Digital Television Energy Efficiency Regulations Developed And Adopted By The California Energy Commission, Christopher P. Wazzan
A Review Of The 2011 And 2013 Digital Television Energy Efficiency Regulations Developed And Adopted By The California Energy Commission, Christopher P. Wazzan
Christopher P Wazzan
In December 2009, the California Energy Commission (“CEC”) adopted on-mode standards for power consumption of televisions, (e.g., watts used) which will go into effect in 2011. Proposed standards are subject to Section 25402(c) of the California Public Resources Code (“CPRC”) which requires that proposed regulations must “not result in any added total costs to the consumer over the designed life of the appliances concerned.” In order to comply with the CPRC, in September 2009, the CEC issued a report alleging consumers would save $8.1 billion from reduced energy consumption. We find that the CEC study is critically flawed and that …