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In re K&K Holdings LLC

In re K&K Holdings LLC

Ruling
Plan could not be confirmed as rate of interest on crammed down loan was insufficient.
Issue(s)
Could plan proposing proposes to make payments on secured claim over ten years with interest at a cramdown rate on a 30 year amortization schedule, with creditor retaining liens, and payment of the full balance of the claim in ten years be confirmed?

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Commercial opinion summary, case decided on February 13, 2014 , LexisNexis #0314-065