Fourth Circuit Reverses Disallowance of Lender’s Post-Bankruptcy Legal Fees

In a Feb. 8, 2019 opinion, the U.S. Court of Appeals for the Fourth Circuit reversed the lower courts’ disallowance of an undersecured lender’s claim for legal fees in SummitBridge Nat’l Investments III, LLC v. Faison, joining other federal courts of appeals with its holding. In this article, of counsel Michael Cook explains the Fourth Circuit’s decision to reverse the ruling.