IN RE VOLLE ELEC., INC.

Bankruptcy No. 90-70987.

132 B.R. 365 (1991)

In re VOLLE ELECTRIC, INC., Debtor.

United States Bankruptcy Court, C.D. Illinois.

October 3, 1991.


Attorney(s) appearing for the Case

Barry O. Hines, Bernard G. Segatto, III, Springfield, Ill., for DIP.

Michael Bitner, Sp. Asst., U.S. Atty., James A. Lewis, Asst. U.S. Atty., Springfield, Ill., for U.S.

Michael Myers, Springfield, Ill., for Marine Bank.


OPINION

LARRY L. LESSEN, Chief Judge.

The issue before the Court is whether the reference to "deferred cash payments" in 11 U.S.C. § 1129(a)(9)(C) requires equal monthly payments or, as proposed in this case, whether the statute permits regular monthly payments which substantially reduce the principal but leave a balloon payment at the end of the plan.

Dale Schafer was an electrician; Gary Wagner was a bookkeeper and office manager. In 1985...

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