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Russell & Priscilla Wobig, Ch. 12, BK86-3615

In Chapter 12 plans, excess disposable income must be paid toward unsecured claims, not secured claims. Also, a debtor may sell the secured offspring of livestock collateral to fund the reorganization, but the creditor's interest must be protected

Date: 
Wednesday, March 18, 1987
Judge: 
Judge Timothy J. Mahoney (Retired)