- 11 U.S.C.
In re Holliday
Feb
23
2012
Ruling
Confirmation denied where plan did not offer adequate protection to auto financing and equipment leasing companies.
Procedural posture
Debtors filed a petition under chapter 13 of the Bankruptcy Code and proposed a first amended plan for repaying debts they owed. An auto finance company and an equipment leasing company filed objections to confirmation of the debtors' plan, contending that the plan could not be confirmed under 11 U.S.C.S. § 1325(a)(5)(B)(iii)(I) and (II).
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Court
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