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IN RE BAXLEY

Bankruptcy No. 85-01216.

72 B.R. 195 (1986)

In re James Randy BAXLEY f/d/b/a JRB Farms, Inc., Debtor.

United States Bankruptcy Court, D. South Carolina.

September 2, 1986.

Attorney(s) appearing for the Case

Henry W. Brown, Quinn, Brown, Arndt & Manning, Columbia, S.C., for debtor.

R. Emery Clark, Asst. U.S. Atty., Vinton D. Lide, U.S. Atty., Columbia, S.C., for FmHA.

MEMORANDUM AND ORDER

J. BRATTON DAVIS, Bankruptcy Judge.

Before the court is the objection of James Randy Baxley (debtor) to Farmers Home Administration's (FmHA) election, pursuant to 11 U.S.C. § 1111(b)(2)1, to have a secured claim to the extent it is allowed. Debtor contends that, because FmHA's interest is "of inconsequential value", FmHA is expressly precluded, by § 1111(b)(1)(B)(i), from electing to have its claim...

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