IN RE JONES

Bankruptcy No. 82C-00407.

32 B.R. 951 (1983)

In re William Lynn JONES and Irene Hilton Jones dba Prestige Enterprises, Debtors.

United States Bankruptcy Court, D. Utah.

September 16, 1983.


Attorney(s) appearing for the Case

Rulon T. Burton, Burton & Schiess, Salt Lake City, Utah, for debtors.


MEMORANDUM OPINION

GLEN E. CLARK, Bankruptcy Judge.

The issue in this case is whether cure and compensation payments under 11 U.S.C. § 1124(2) may be made in deferred cash payments commencing after the effective date of a chapter 11 plan. The ruling is that they may not.

INTRODUCTION

Debtors' chapter 11 plan places two allowed secured claims into separate classes, designated B-2 and B-3. The obligation underlying each claim is in default...

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