Justice Jackson wrote the opinion of the court, affirming a ninth circuit decision that the California Unemployment commission could charge twelve per cent interest on charges from the date due without violating the bankruptcy act. As the interest was not charged as penalty for the bankruptcy, it was not "interest" as defined in the Bankruptcy Act, and not subject to the 6 percent limitation.
Justice Jackson wrote the opinion of the court, affirming a ninth circuit decision that the California Unemployment commission could charge twelve per cent interest on charges from the date due without violating the bankruptcy act. As the interest was not charged as penalty for the bankruptcy, it was not "interest" as defined in the Bankruptcy Act, and not subject to the 6 percent limitation.