In Re Kvamme

MEMORANDUM AND ORDER

WILLIAM A. HILL, Bankruptcy Judge.

The matters under consideration are the confirmation of the Debtors’ Fourth Amended Chapter 11 plan of reorganization, filed September 9, 1988, and a motion to dismiss filed by the Peoples State Bank of Velva (Bank). The Farmers Home Administration (FmHA) objects to confirmation of the plan, stating that its election under section 1111(b) has not been reflected in the plan. A hearing was held on September 20, 1988.

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The sole remaining issue regarding plan confirmation is whether the plan adequately treats FmHA’s 1111(b) election. With…