In the Matter of Button Hook Cattle Co., Inc., Debtor. Button Hook Cattle Co., Inc. v. Commercial National Bank and Trust Co.

JOHN R. GIBSON, Circuit Judge.

The issue presented in this appeal is whether a farmer who files a petition under chapter 11 of the Bankruptcy Code, 11 U.S.C. §§ 1101-1146 (1982), but fails to submit a reorganization plan within 120 days from filing is thereafter vulnerable to a liquidation plan filed by a party in interest to the chapter 11 proceeding. We conclude that a bankruptcy court may confirm a liquidation plan in such a situation, and therefore we affirm the district court’s 1 judgment approving the bankruptcy court’s 2 confirmation in this case.

The appellant, Button Hook Cattle…