In Re Mahoney

MEMORANDUM DECISION

LOUISE DeCARL MALUGEN, Bankruptcy Judge.

Donnie Lee Mahoney, a Chapter 11 debt- or, seeks confirmation of his plan of reorganization. Confirmation of the plan is opposed by the Internal Revenue Service and Chalet & Associates, an unsecured creditor.

This controversy is a core matter pursuant to 28 U.S.C. § 157(b)(2)(L).

PLAN SUMMARY

Mahoney’s Chapter 11 plan is to transfer his assets, including real property, promissory notes, partnership interests and $69,-500 in cash, to a new corporation called D.L.M., Inc. Mr. Mahoney will then devote his services to the corporation for…