In Re Hallum

MEMORANDUM

RALPH H. KELLEY, Bankruptcy Judge.

The debtors, A.P. and Bettye Hallum, are in the plant-nursery business. They filed a petition in bankruptcy for reorganization under Chapter 11 of the Bankruptcy Code (11 U.S.C.).

The Farmers Home Administration filed a claim for nearly $3,000,000 as of the date the bankruptcy petition was filed. The claim was filed as secured on the basis of deeds of trust on the debtors’ real property and security interests in their equipment, crops, and livestock.

The debtors filed a disclosure statement and proposed plan of reorganization. The court approved the…