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IN RE SHEPCARO

Bankruptcy No. 90-11282-WCH.

144 B.R. 3 (1992)

In re Marc J. SHEPCARO, Debtor.

United States Bankruptcy Court, D. Massachusetts, E.D.

August 20, 1992.

Attorney(s) appearing for the Case

Leonard M. Krulewich, Boston, Mass., for debtor.

Mr. and Mrs. Arthur Kenson, pro se.

DECISION ON CONFIRMATION OF PLAN

WILLIAM C. HILLMAN, Bankruptcy Judge.

The matter before the Court presents issues which have not yet been definitively determined in this forum, particularly the application of the absolute priority rule of 11 U.S.C. § 1129(b)(2)(B)(ii), and the possible availability of a new value exception to that rule.

The plan

The plan provides for payments as follows:

1. Administration Expenses...

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