Branch Banking & Trust Co. v. Russell

ORDER

BRITT, District Judge.

This ease is before the court on Branch Banking & Trust Company’s (“BB & T”) appeal from a decision of the bankruptcy court overruling its objection to confirmation of the Russells’ Chapter 13 plan. For the reasons discussed below, the decision of the bankruptcy court is affirmed.

I.Background

BB & T loaned money to The Charter Restaurant, Inc. (“Charter”), a wholly-owned corporation of the Russells. The loans were secured by real and personal property owned by Charter. Later, the Russells signed the obligations as additional borrowers. The Russells then filed for…