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IN RE HARDZOG

Bankruptcy No. BK-86-3552-A.

74 B.R. 701 (1987)

In re Clarence C. and Katy HARDZOG, Debtors.

United States Bankruptcy Court, W.D. Oklahoma.

June 19, 1987.

Attorney(s) appearing for the Case

B.J. Brockett, of Brockett, Warren, Brady & Homsey, Oklahoma City, Okl., for debtors.

G. Blaine Schwabe III, and J. Eric Ivester, of Mock, Schwabe, Waldo, Elder, Reeves & Bryant, Oklahoma City, Okl., for the Federal Land Bank of Wichita.

Rick Poland, of Rogers Abbott & Associates, Oklahoma City, Okl., for Jack Cornelius, Chapter 12 Trustee.

MEMORANDUM DECISION

RICHARD L. BOHANON, Chief Judge.

Debtors have proposed a plan for adjustment of their debts pursuant to Chapter 12 of the Bankruptcy Code. The Federal Land Bank of Wichita, an oversecured creditor, objects to the discount rate used to calculate the present value of its allowed claim.1 The issue thus concerns determination of the proper discount rate for the claim of an oversecured creditor when it is paid...

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