Piedmont Trust Bank v. Linkous (In re Linkous)

OPINION

MURNAGHAN, Circuit Judge:

Alvie Linkous, the appellant, filed for bankruptcy pursuant to Chapter 13 and submitted a debtor’s plan to the U.S. Bank*161ruptcy Court for the Western District of Virginia on April 26, 1990; she also mailed a summary of the plan to all creditors. At the time, Linkous ,had two outstanding secured loans from Piedmont Trust Bank. However, since the value of the collateral securing each loan was less than the current balance of each loan, Linkous’ plan considered the Piedmont loans as secured only to the extent of the collateral’s fair market value and unsecured for…