In Re Southern Missouri Towing Service, Inc.

MEMORANDUM OPINION AND ORDER

JOEL PELOFSKY, Bankruptcy Judge.

In this Chapter 11 case an undersecured creditor, the SBA, has made a timely Section 1111(b) election. The debtor disputes the impact of the election. The plan cannot be confirmed until the Court determines whether the claim is treated properly. Except for valuation of the collateral, there are no disputed issues of material fact. The parties have filed briefs and the Court has taken the matter under advisement.

Section 1111(b) of the Code, Title 11, U.S.C., provides, in pertinent part, that:

“(1)(A) A claim secured by a lien on…