Rake v. Wade, 508 U.S. 464, 12 (1993)

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Cite as: 508 U. S. 464 (1993)

Opinion of the Court

a claim "provided for under section 1322(b)(5) of this title." § 1328(a)(1). If claims that are subject to § 1322(b)(5) were not "provided for by the plan," there would be no reason to make an exception for them in § 1328(a)(1). Under § 1325(a)(5), therefore, respondent is entitled to the present value of arrearages paid off under the terms of the plans as an element of an "allowed secured claim provided for by the plan."

IV

We hold that respondent is entitled to preconfirmation and postconfirmation interest on arrearages paid off under petitioners' plans.12 We therefore affirm the judgment of the Court of Appeals.

So ordered.

475

12 Petitioners suggest that by allowing postpetition interest on arrearages "and other charges," the Tenth Circuit misconstrued United States v. Ron Pair Enterprises, Inc., 489 U. S. 235 (1989). Brief for Petitioners 21. We disagree. Ron Pair held that under § 506(b) a creditor is entitled to postpetition interest on its "oversecured claim." 489 U. S., at 241. The arrearages portion of respondent's oversecured claims in this case included the amounts past due on the notes and the "other charges" to which the Tenth Circuit referred. App. 6, 22.

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