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IN RE IVY

Bankruptcy No. 87-00833-C-11.

86 B.R. 623 (1988)

In re Kay IVY and Mary Ivy, Debtors.

United States Bankruptcy Court, W.D. Missouri, C.D.

June 3, 1988.

Attorney(s) appearing for the Case

Norman W. Lampton, Columbia, Mo., for debtors.

Jerry W. Venters, Jefferson City, Mo., for Federal Land Bank.

MEMORANDUM OPINION AND ORDER

FRANK W. KOGER, Bankruptcy Judge.

FACTS

Federal Land Bank (FLB) objected to confirmation of the Chapter 12 debtors' proposed amendment to their confirmed plan which provides for the transfer of $2,900.00 of FLB stock to the FLB in partial payment of debtors' obligation to that entity.

LAW

Section 1225(a)(3) provides that the Court shall confirm a plan if "the plan has been proposed in good faith and...

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