Federal Land Bank of Jackson v. Cornelison (In re Cornelison)

Appellant Federal Land Bank of Jackson, the creditor in this bankruptcy action, originally appealed from the district court’s order affirming the bankruptcy court’s confirmation of the reorganization plans filed by Chapter 12 debtors G. Randall Corneli-son, Mary L. Cornelison, Eulah Cornelison, Loyd C. Cornelison, Sarah T. Cornelison, Verbon L. Cornelison, and Dorothy M. Cornelison. Although the parties stipulated immediately prior to oral argument that the plans “do not meet the requirements for confirmation,” and agreed to file new plans within 90 days, we write briefly to provide guidance…