In Re Kiklis

DECISION ON OBJECTION TO DISCLOSURE STATEMENT

WILLIAM C. HILLMAN, Bankruptcy Judge.

I. Introduction

The matter before the Court is the Disclosure Statement (“Disclosure Statement”) of the debtor Dana Louis Kiklis (“Debtor”). LEM Realty Co., Inc. (“LEM”) filed an objection on the grounds that the Disclosure Statement fails to adequately describe and address LEM’s un-dersecured claim. For the reasons set forth below, I will enter an order sustaining the objection.

II. Background

The operative facts related to this issue are not in dispute. When the Debtor filed his petition under Chapter 11 on May…