Patterson v. Federal Land Bank (In Re Patterson)
United States Bankruptcy Appellate Panel for the Ninth Circuit
1Opinion of the Court
OPINION
ASHLAND, Bankruptcy Judge:
Ken Lloyd and Janet Ruth Patterson appeal the bankruptcy court’s finding that the appropriate discount rate pursuant to Bankruptcy Code § 1225(a)(5)(B)(ii) is the prime rate plus four percentage points for loans extending beyond five years. We affirm.
FACTS
On March 16,1987 the debtors filed their Chapter 12 petition. Federal Land Bank (FLB) is a creditor with a claim of $114,000 secured by a mortgage on 195 acres of the debtors’ property. The debtors’ Chapter 12 plan provided that FLB shall retain their lien on the property and be paid $114,000 with interest at…
2Cases cited6 opinions
- Bankr. L. Rep. P 70,935 Vance L. Ragsdale v. John Frederick Haller AKA Fred HallerCourt of Appeals for the Ninth Circuit · 1986
- 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
- United States v. Neal Pharmacal CompanyCourt of Appeals for the Eighth Circuit · 1986
- In Re Camino Real Landscape Maintenance Contractors, Inc., Debtor. United States of America v. Camino Real Landscape Maintenance Contractors, Inc., in Re Hadrian Construction, Inc., Debtor. United States of America v. Hadrian Construction, Inc., in Re Armour Oil Company, Debtor. United States of America v. Armour Oil CompanyCourt of Appeals for the Ninth Circuit · 1987
- United States v. Welco Industries, Inc. (In Re Welco Industries, Inc.)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1986
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3Cited by20 opinions
- In Re Sharon E. Kerwin, Debtor, First Brandon National Bank v. Sharon E. Kerwin, Jan M. Sensenich, TrusteeCourt of Appeals for the First Circuit · 1993
- In Re ShannonDistrict Court, S.D. Ohio · 1989
- Connecticut General Life Insurance v. Hotel Associates of Tucson (In Re Hotel Associates of Tucson)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1994
- United States v. Case (In Re Case)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1990
- Shearson Lehman Mortgage Corp. v. Laguna (In Re Laguna)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1990
15 more not listed; retrieve them via the Exa API.