A debtor has filed a plan to reorganize his affairs under Chapter 13 of the Bankruptcy Code. The plan calls for payment of 10 cents on the dollar to all unsecured creditors over the next three years. The on ly secured creditor is Last Bank and Trust, whose lien is secured by the debtor's perso~al residence. The plan calls for curing the present payments in arrears over onc year and redUCing the scheduled payments by 50 percent for three years. Will the court approve the debtor's plan? Why or why not?

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