Jorgensen v. Federal Land Bank of Spokane (In Re Jorgensen)
United States Bankruptcy Appellate Panel for the Ninth Circuit
1Opinion of the Court
OPINION
ASHLAND, Bankruptcy Judge.
The debtors, who are farmers, appeal from an order confirming a creditors' Chapter 11 liquidation plan over the debtors’ objection. We modify the order and affirm.
FACTS
Quay and Ardis Jorgensen are Chapter 11 debtors in possession under a petition filed July 27, 1984. The debtors own and farm trees on over 14,000 acres of timberland in Western Washington. They have assets of approximately $43 million and liabilities of about $21 million. The largest creditor is appellee, Federal Land Bank of Spokane (Bank), with over $15 million of secured obligations.
The…
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- In Re Acequia, Inc., Debtor. Acequia, Inc. v. Vernon B. ClintonCourt of Appeals for the Ninth Circuit · 1986
- Ohio v. Madeline Marie Nursing HomesCourt of Appeals for the Sixth Circuit · 1982
- In Re Khalil and Shahin Chinichian, Debtors. Khalil and Shahin Chinichian v. Attilio CampolongoCourt of Appeals for the Ninth Circuit · 1986
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