District Court, D. Massachusetts February 3, 2003, CIV.A.01-12229-RGS (HSBC Bank USA v. Bank of New England Corp. (In Re Bank of New England Corp.))

STEARNS, District Judge.

On December 17, 2001, the Senior Debt holders of the bankrupt Bank of New England Corporation (BNEC), appealed a November 1, 2001 order of the Bankruptcy Court authorizing a distribution of assets from BNEC’s estate to the Junior Debt holders. Appellants maintain that no such distribution can be made before they are paid post-petition interest.