Farm Credit Bank of Spokane v. Fowler (In re Fowler)
Court of Appeals for the Ninth Circuit
1Opinion of the Court
EUGENE A. WRIGHT, Circuit Judge:
The question is whether the bankruptcy court applied the correct cramdown rate in confirming a reorganization plan under Chapter 12 of the Bankruptcy Code.
BACKGROUND
John Fowler operates a ranch in Big Horn County, Montana. He petitioned for relief under Chapter 12 of the Bankruptcy Code, 11 U.S.C. § 1201-31. At the time of filing, he owed the Farm Credit Bank (FCB) approximately $159,000 on two 35-year variable rate promissory notes, and the Interstate Production Credit Association (IPCA) approximately $22,000 on a one-year note. FCB’s debt was secured by real…
2Cases cited12 opinions
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- Memphis Bank & Trust Company v. Linda Gail WhitmanCourt of Appeals for the Sixth Circuit · 1982
- Bankr. L. Rep. P 70,650 in Re Karen Virginia Stanton, Debtor. T.O. King v. Karen Virginia StantonCourt of Appeals for the Ninth Circuit · 1985
- United States v. Dennis Edward Doud and Cheryl Ann DoudCourt of Appeals for the Eighth Circuit · 1989
- United States v. Harlan Arnold and Dorene ArnoldCourt of Appeals for the Sixth Circuit · 1989
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- In Re BagneUnited States Bankruptcy Court, E.D. California · 1998
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