In re J.C. Householder Land Trust 1

Chapter 11

MEMORANDUM OPINION ON CREDITOR’S MOTION TO CHANGE VOTE ON PURCHASED CLAIM

Michael G. Williamson, United States Bankruptcy Judge

Under Federal Rule of Bankruptcy Procedure 3018(a), the Court may permit a creditor to change a ballot accepting or rejecting a plan for “cause shown.” In this case, the Debtor filed a plan of reorganization that attempted to cram down its major secured creditor, SPCP Group V, LLC, under Bankruptcy Code § 1129(b). So SPCP purchased an unsecured claim that had previously voted in favor of the plan and attempted to change that vote to one against the plan in…