In Re Volle Electric, Inc.

OPINION

LARRY L. LESSEN, Chief Judge.

The issue before the Court is whether the reference to “deferred cash payments” in 11 U.S.C. § 1129(a)(9)(C) requires equal monthly payments or, as proposed in this case, whether the statute permits regular monthly payments which substantially reduce the principal but leave a balloon payment at the end of the plan.

Dale Schafer was an electrician; Gary Wagner was a bookkeeper and office manager. In 1985, they joined together to form the Debtor, Voile Electric, Inc., an Illinois corporation, and purchased the business of Voile Electric Service Co. from its…