- 11 U.S.C.
In re Gray-Bailey
Apr
29
2010
Ruling
Confirmation of chapter 12 plan that did not propose to pay secured creditor's claim denied due to failure to provide for surrender of ranch property.
Procedural posture
A bankruptcy debtor proposed a chapter 12 plan which provided that the debtor would remain in possession of the debtor's ranch property, pay rent, and continue to market the property during the period of redemption after an anticipated foreclosure sale of the property. A creditor secured by the property objected to confirmation of the debtor's plan.
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Court
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