IN RE PALMER

Bankruptcy No. 98-40303.

224 B.R. 681 (1998)

In re Ralph PALMER, Sr., Debtor.

United States Bankruptcy Court, S.D. Illinois.

September 14, 1998.


Attorney(s) appearing for the Case

James Van Winkle, McLeansboro, IL, for Banterra Bank.

Marcus H. Herbert, Carbondale, IL, for debtor.


OPINION

KENNETH J. MEYERS, Bankruptcy Judge.

At issue in this case is the appropriate rate of interest to be paid on secured claims in a Chapter 13 proceeding under the so-called "cram down" provision of 11 U.S.C. § 1225(a)(5)(B)(ii). Banterra Bank Group ("Bank") objects to confirmation of the debtor's plan, asserting that the interest rate of 8% to be paid on its secured claims under the debtor's plan is insufficient to meet the "present value...

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