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Willow Grove Partnership, Ch. 12, BK87-696

Under ยง 1225(a)(5)(B)(i), the debtor's plan cannot substitute or reduce a creditor's collateral over objection. However, the court can use its equitable power to cut off a security interest in post-petition property to help the debtor reorganize

Date: 
Friday, October 16, 1987
Judge: 
Judge Timothy J. Mahoney (Retired)