In the Matter of Julius L. King and Joan King, Debtors. Julius L. King and Joan King, Debtors v. Joe M. Flournoy, Chapter 13 Trustee
This text of 705 F.2d 437 (In the Matter of Julius L. King and Joan King, Debtors. Julius L. King and Joan King, Debtors v. Joe M. Flournoy, Chapter 13 Trustee) is published on Counsel Stack Legal Research, covering Court of Appeals for the Eleventh Circuit primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
The Kings, debtors, appeal from the district court’s dismissal of their appeal of the bankruptcy court’s order in their case. The bankruptcy court, in a two-paragraph order, dismissed the debtors’ chapter 13 case. The debtors, in a chapter 13 plan, proposed to repay secured creditors to the extent of 100% of their claims and unsecured creditors to the extent of approximately 33% of theirs. In reviewing the plan, the bankruptcy court looked to only one factor, the percentage of unsecured debts that the debtors intended to repay. The bankruptcy court, believing the minimum allowable percentage to be 70%, found the proposed 33% too low.
We REVERSE and REMAND for consideration of the plan in light of all the factors discussed in our recent opinion in In Re: Charles E. Kitchens, et al., Bankrupts, 702 F.2d 885 (11th Cir.1983). For the repayment of unsecured debt under a chapter 13 plan, there is no fixed minimum percentage greater than zero. See 11 U.S.C.A. sec. 1325(a)(4) (1979).
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Cite This Page — Counsel Stack
705 F.2d 437, 1983 U.S. App. LEXIS 27499, 11 Bankr. Ct. Dec. (CRR) 402, Counsel Stack Legal Research, https://law.counselstack.com/opinion/in-the-matter-of-julius-l-king-and-joan-king-debtors-julius-l-king-and-ca11-1983.