In Re Ralph C. Roso, Debtor. United States of America v. Ralph C. Roso

BOWMAN, Circuit Judge.

Chapter 13 of the Bankruptcy Code requires that, before approving a debtor’s plan, a bankruptcy court must find that “with respect to each allowed secured claim ... the value, as of the effective date of the plan, of property to be distributed under the plan on account of such claim is not less than the allowed amount of such claim.” 11 U.S.C. § 1325(a)(5)(B)(ii) (1994). We have interpreted this statutory language to require that such claims be “valued under the ‘market rate’ approach” and receive a “ ‘market rate’ of interest.” USDA v. Fisher (In re Fisher), 930 F.2d…