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IN RE PEARSON

Bankruptcy No. 87-30047.

96 B.R. 990 (1989)

In re Leland PEARSON and Glennis Pearson.

United States Bankruptcy Court, D. South Dakota, C.D.

February 16, 1989.

Attorney(s) appearing for the Case

Kay Cee Hodson, Sioux Falls, S.D., Thomas Lloyd, Pierre, S.D., for plaintiff.

John Lovald, Pierre, S.D., Trustee.

John Fousek, Rapid City, for defendant.

IRVIN N. HOYT, Chief Judge.

This opinion decides the Chapter 12 Trustee's motion, joined by the attorney for the United States Trustee, requesting that the Court modify the debtors' confirmed Chapter 12 plan.

The debtors ranch in central South Dakota. They filed their Chapter 12 petition March 9, 1987. The schedules A-2 and A-3 reveal five secured creditors and ten totally unsecured creditors. The debtors' first proposed plan of reorganization was filed June...

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