Bankr. No.:
93-40213
Chapter:
12
Date of Decision:
August 19, 1996
Issue:
Whether Debtor's proposed modification of its confirmed plan should be approved where Debtor would no longer farm after the current crop year?
Ruling:
Debtor's proposed post-confirmation modification was not approved. The modification was not offered in good faith because Debtor would not pay the Bank with interest as soon as it could and because it offered little for unsecured creditors. There also was no evidence that the modification was feasible or that it met the best interest of creditors test.
Full Bankruptcy Court Decision:
