Franklin Federal Bancorp, FSB v. Lochamy (In Re Lochamy)
District Court, N.D. Georgia
1Opinion of the Court
ORDER
STACEY W. COTTON, Chief Judge'.
This matter is before the court on a Motion to Dismiss or Convert filed by Franklin Federal Bancorp, FSB (“movant”). Movant seeks a dismissal or conversion of debtor’s case on the ground that he is ineligible to be a debtor under Chapter 13 because his unsecured debt exceeds the $250,000 limit of 11 U.S.C. § 109(e). This is a core proceeding. 28 U.S.C. § 157(b)(2)(A) & (L). The court’s findings of fact and conclusions of law are set forth hereinafter.
Respondent Fred Samuel Lochamy (“debt- or”), was the chief executive officer and a shareholder of American…
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