Legal Opinion
Koopmans v. Farm Credit Services
District Court, N.D. Indiana
Decided April 17, 1996No. 3:95-cv-00628PublishedCited by 7 opinions
1Opinion of the Court
MEMORANDUM AND ORDER
MILLER, District Judge.
Melvin and Bonnie Koopmans filed a voluntary petition in bankruptcy under Chapter 12 of the Bankruptcy Code. Their amended Chapter 12 plan sought to repay the debt owed to Farm Credit Services, a secured creditor, pursuant to the “cramdown” provisions of 11 U.S.C. § 1225(a)(5)(B)(ii). Farm Credit Services objected, contending that the interest rate proposed by the debtors was to low and did not provide it with the present value of its allowed claim as required by § 1225(a)(5)(B). The bankruptcy court agreed, and declined to confirm the plan. This…
2Cases cited26 opinions
- Memphis Bank & Trust Company v. Linda Gail WhitmanCourt of Appeals for the Sixth Circuit · 1982
- In the Matter of Southern States Motor Inns, Inc., Debtor. United States of America v. Southern States Motor Inns, Inc.Court of Appeals for the Eleventh Circuit · 1983
- General Motors Acceptance Corporation v. Alphonso Jones, Debtor, Robert M. Wood, TrusteeCourt of Appeals for the Third Circuit · 1993
- Matter of CrockettUnited States Bankruptcy Court, N.D. Illinois · 1980
- United States v. Dennis Edward Doud and Cheryl Ann DoudCourt of Appeals for the Eighth Circuit · 1989
21 more not listed; retrieve them via the Exa API.
3Cited by7 opinions
- Melvin and Bonnie Koopmans v. Farm Credit Services of Mid-America, AcaCourt of Appeals for the Seventh Circuit · 1996
- General Motors Acceptance Corp. v. Valenti (In re Valenti)Court of Appeals for the Second Circuit · 1997
- In Re ValentiCourt of Appeals for the Second Circuit · 1997
- In Re PalmerUnited States Bankruptcy Court, S.D. Illinois · 1998
- In Re: Lee M. Till and Amy M. Till, Debtors-AppellantsCourt of Appeals for the Seventh Circuit · 2002
2 more not listed; retrieve them via the Exa API.