IN RE SANDERS COAL & TRUCKING, INC.

Bankruptcy Nos. 90-12855, 90-12838.

129 B.R. 516 (1991)

In re SANDERS COAL & TRUCKING, INC., James Ray Sanders & Carol Kay Sanders, Debtors.

United States Bankruptcy Court, E.D. Tennessee.

July 30, 1991.


Attorney(s) appearing for the Case

Harold L. North, Jr., Schumacker & Thompson, Chattanooga, Tenn., for Sanders Coal & Trucking, Inc.

Howell Clements, Reingold, Clements & Schulman, Chattanooga, Tenn., for James Ray Sanders and Carol Kay Sanders.

Steven G. McKnight, Asst. U.S. Atty., Chattanooga, Tenn., for U.S.


RALPH H. KELLEY, Chief Judge.

MEMORANDUM

The United States objects to confirmation of the debtors' proposed Chapter 11 plan. The government has a priority unsecured tax claim for about $61,000. The plan proposes to pay the claim in full with 10% interest. The government objects to the timing of the payments. Under the proposed plan, the government will not receive any payment on the claim until about three years after confirmation.

The court finds...

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