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IN RE SMITH

Bankruptcy No. 586-50696.

78 B.R. 491 (1987)

In re Leland Elbert SMITH a/k/a L. Elbert Smith and wife, Frances Jean Smith, Debtors.

United States Bankruptcy Court, N.D. Texas, Lubbock Division.

October 13, 1987.

Attorney(s) appearing for the Case

Steven Sakonchick, II, Sr. Atty., Federal Land Bank, Austin, Tex., for Bank.

Bruce Magness, Jacobo & Magness, Lubbock, Tex., for debtors.

MEMORANDUM OF OPINION CONCERNING DEBTORS' CHAPTER 12 PLAN

JOHN C. AKARD, Bankruptcy Judge.

On May 20, 1987 the Court held a hearing to determine if the Debtors' plan proposed under Chapter 12 of the Bankruptcy Code1 could be confirmed. At the conclusion of the hearing, the Court determined that the Plan could not be confirmed as proposed, but could be confirmed if it were modified in certain respects. The Debtors agreed to those...

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