The TRAVELERS INSURANCE COMPANY, Appellee, v. KCC-LEAWOOD CORPORATE MANOR I, Appellant
Court of Appeals for the Eighth Circuit
1Opinion of the Court
BOWMAN, Circuit Judge.
KCC-Leawood Corporate Manor I (“KCC”) appeals an August 29, 1989 order of the District Court. 1 KCC filed a Chapter 11 bankruptcy petition on January 25, 1988. A limited partnership, KCC owns an office building valued at $1,600,000.00. The building is secured by a 12.75% per annum promissory note held by The Travelers Insurance Company (“Travelers”) worth $1,354,797.10.
KCC’s plan proposed repayment of the promissory note at a maximum 10% per annum rate, rather than the 12.75% contract rate. Travelers filed objections to the plan, asserting that it could not be forced to…
2Cases cited4 opinions
- Florence Bowers v. Connecticut National BankCourt of Appeals for the Second Circuit · 1988
- In Re VEKCO, INC., Debtor. VEKCO, INC., Appellant, v. FEDERAL LAND BANK, AppelleeCourt of Appeals for the Eighth Circuit · 1986
- In Re Kurt Blankemeyer and Sharon K. Blankemeyer, Debtors. Appeal of Kurt Blankemeyer and Sharon K. BlankemeyerCourt of Appeals for the Eighth Circuit · 1988
- In Re Rick L. EASTON and Merrilee Easton, Debtors. OTOE COUNTY NATIONAL BANK, Appellant, v. Rick L. EASTON and Merrilee Easton, AppelleesCourt of Appeals for the Eighth Circuit · 1989
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