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Jones has an allowed unsecured claim against Debtor for $8,000. Debtor's chapter 11plan places Jones in Class 3 (with all unsecured claims) and proposes to
Jones has an allowed unsecured claim against Debtor for $8,000. Debtor's chapter 11plan places Jones in Class 3 (with all unsecured claims) and proposes to pay 25 on the dollar to all Class 3 claims over 5 years (at 5% a year). Debtor's liquidation analysis shows that Class 3 claims would receive 19 on the $ in a liquidation. Jones votes against the plan after receiving disclosure documents. Class 3 votes in favor of the plan by a 3-1 margin. The court confirms Debtor's plan.
What happens to Jones' claim?
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