Bankr. No.:
87-30022
Chapter:
12
Date of Decision:
July 8, 1988
Issue:
(1) Objection to discharge. (2) Relief from stay - Federal Land Bank. (3) Confirmation - good faith requirement.
Ruling:
(1) Overruled based on an inapplicable code section. - - Debtor's objection relied solely on Code Section 727. (2) Relief granted - In re Little Creek Development Co., 779 F. 2d 1068, 1072 (5th Cir. 1986); In re Farmers and Merchants Bank and Trust, 28 B.R. 389 (D.S.D. 1983); In re Dabney, 45 B.R. 312 (Bkrtcy. E.D. Penn. 1985); In re Fazio, 41 B.R. 865 (Bkrtcy. E.D. Penn. 1984); In re Krisle, 54 B.R. 330 (Bkrtcy. 1985); Section 362 and Section 103(a); In re S Farms One, Inc., 73 B.R.103 (Bkrtcy D. Col. 1987); In re Ahlers, 794 R.2d 388 at 397-398 (8th Cir. 1986), rev'd. on other grounds - 108 S.Ct. 963 (1988). (3) Court found plan not confirmable. Section 1225(a)(3); In re Estus, 695 F.2d 311 (1982); In re Education Assist. Corp., 827 F.2d 1222 (1987); Matter of Davis, 68 B.R. 205 (Bkrtcy. S.D. Ohio 1986) - apply to Chapter 13 cases. Chapter 12 cases - Section 1225(a)(3) tracks the language of Section 1325(a)(3) verbatim - - In re Weldin-Lynn, 79 B.R. 409 (Bkrtcy. E.D. Ark. 1987); Collier on Bankruptcy para. 1225.02 (15th Ed. 1982); In re Foster, 84 B.R. 707 (Bkrtcy. D. Mon. 1988).
Full Bankruptcy Court Decision:
