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Upon close scrutiny, he notes an interesting thing about Debtor's proposed plan to pay 25 on the dollar to Class 3 claims over 5 years.
Upon close scrutiny, he notes an interesting thing about Debtor's proposed plan to pay 25 on the dollar to Class 3 claims over 5 years. The plan is ambiguous on whether the 25% figure does or does not contemplate the payment of interest. The current market rate of interest for unsecured loans is 10% per annum. Recall that Debtor's liquidation analysis shows a projected 19% liquidation payment.
Does Jones have a valid objection to confirmation?
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