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IN RE J.C. HOUSEHOLDER LAND TRUST #1

Case No. 8:13-bk-07271-MGW.

501 B.R. 441 (2013)

IN RE: J.C. HOUSEHOLDER LAND TRUST #1, Debtor.

United States Bankruptcy Court, M.D. Florida, Tampa Division.

Filed October 23, 2013.

Attorney(s) appearing for the Case

Adam Lawton Alpert, Esq. , Buss Ross, P.A., Counsel for Debtor.

Gregg W. McClosky, Esq. , McClosky, D'Anna & Dieterle, LLP, Counsel for SPCP Group V, LLC.

Chapter 11

FINDINGS OF FACT AND CONCLUSIONS OF LAW ON CONFIRMATION

Michael G. Williamson, United States Bankruptcy Judge.

The Debtor seeks to confirm its proposed plan over the objection of its primary secured lender. Under its plan, the Debtor proposes to pay the secured lender's claim (approximately $1.1 million) amortized over twenty-five years at 5% interest, with a five-year balloon payment. The secured lender principally objects to...

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