In Re French
United States Bankruptcy Court, D. Massachusetts
1Opinion of the Court
MEMORANDUM OF DECISION
HENRY J. BOROFF, Bankruptcy Judge.
Before the Court for decision are two motions, namely “Debtors’ Motion to Confirm Modified Plan, or in the Alternative, to Convert Case to a Proceeding under Chapter 11” (“Motion to Confirm Modified Plan”) and “Objection By G.L.B. Corp. to Debtors’ Modified Plan of Adjustment” (“Objection to Debtors’ Modified Plan”).
A. Factual Background
On April 25, 1994, the debtors, Alfred R. French and Charlene A. French (the “Debtors”) filed the instant Chapter 13 Petition.
On June 6, 1989, the Debtors, jointly and severally, executed a “Guaranty of…
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