In re Heath

Ruling: 
Confirmation denied due to modification of cross-collateralized debt.
Procedural posture: 
Debtors filed a petition under chapter 12 of the Bankruptcy Code and proposed a plan for paying their creditors that allowed them to sever agreements they entered with a creditor that cross-collateralized debts they owed the creditor. The creditor filed an objection to confirmation of the debtors' plan.
Issue: 
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Consumer case opionion summary, case decided on July 03,2012, LexisNexis #1212-130