- 11 U.S.C.
In re Wilson
Feb
07
2007
Ruling
Confirmation denied due to farmer debtor's failure to provide creditor trust with interest at prime rate plus risk factor.
Procedural posture
Two cases were filed, one by two individual debtors and one by an LLC. Pending in the jointly administered chapter 12 bankruptcy cases were confirmation of debtors'chapter 12 Plans and objections thereto filed by two creditors, namely a revocable trust and a second creditor. Also pending was debtors' motion for valuation of the second creditor's security. The trust also sought dismissal. A separate Order addressed its judicial notice request.
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Court
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