In Re Hockenberry
United States Bankruptcy Court, S.D. Ohio
1Opinion of the Court
MEMORANDUM OPINION AND ORDER DENYING CONFIRMATION OF DEBTOR’S PLAN OF REORGANIZATION
JOHN E. HOFFMAN, JR., Bankruptcy Judge.
I.Introduction
James E. Hockenberry, Jr. (“Hocken-berry” or “Debtor”) has proposed a Chapter 11 plan under which the only general unsecured creditor in his case — a creditor holding a claim of nearly one million dollars — would receive a mere $10,000 over eight years. The creditor, Cadies of Grassy Meadows II, LLC (“Cadies”), would like to receive more and, not surprisingly, has rejected the plan and objected to confirmation. Paying a creditor cents on the dollar over time…
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