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IN RE CHEATHAM

Bankruptcy No. 85-52343-ATS.

78 B.R. 104 (1987)

In re Rudolph Owen CHEATHAM, and Marie H. Cheatham, Debtors.

United States Bankruptcy Court, E.D. North Carolina.

September 11, 1987.

Attorney(s) appearing for the Case

Mark C. Kirby, Raleigh, N.C., for Federal Land Bank.

Donald A. Davis, Raleigh, N.C., for debtors.

MEMORANDUM OPINION

A. THOMAS SMALL, Bankruptcy Judge.

The matter before the court is the confirmation of the debtors in possession's chapter 11 plan of reorganization. Objections to the plan were filed by Central Carolina Bank & Trust Company, N.A. ("CCB") and by The Federal Land Bank of Columbia ("FLB"). The confirmation hearing was held in Raleigh, North Carolina, on July 21, 1987.

CCB claimed an administrative expense priority for its claim...

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