Meilink v. Unemployment Reserves Comm’n, 314 U.S. 564 (1942)

Please note: this case begins in mid-page. It therefore shares a citation with the last page of the previous case. If you are attempting to follow a link to the last page of 314 U.S. 556, click here.

Meilink v. Unemployment Reserves Commission of California


No. 61


Argued December 17, 18, 1941
Decided January 5, 1942
314 U.S. 564

CERTIORARI TO THE CIRCUIT COURT OF APPEALS
FOR THE NINTH CIRCUIT

Syllabus

Section 45 of the Unemployment Reserves Act of California provides that an employer who fails to make the payments required of him by the Act "shall become additionally liable for interest on such payments at the rate of twelve percent per annum."

Held, that the exaction of twelve percent per annum is not a "penalty," but is "interest" within the meaning of § 57j of the Bankruptcy Act, and a claim for the full amount thereof is allowable in bankruptcy. P. 569.

116 F.2d 330 affirmed.

Certiorari, post, p. 588, to review the reversal of a decree denying in part a claim in bankruptcy.