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Home / Opinion Digests / Claim requirements for revolving credit agreement clarified (access required)

Claim requirements for revolving credit agreement clarified (access required)

Where the debtor argued that a claim must list all interest and fees from the inception of the account, the court rejected that argument and held that the claim is complete if it includes a breakdown of principal, interest, fees or finance charges reflected on the account statement attached to the claim. Background Portfolio Recovery Associates LLC, ...