IN RE PFEIFER

Case No. 12-13852 (ALG).

In re: MAXWELL S. PFEIFER and MYRNA J. PFEIFER, Chapter 11 Debtors.

United States Bankruptcy Court, S.D. New York.

October 18, 2013.


Attorney(s) appearing for the Case

Howard P. Magaliff , RICH MICHAELSON MAGALIFF MOSER, LLP, New York, NY, Counsel for the Debtors.

Michael T. Sucher , THE LAW OFFICES OF MICHAEL T. SUCHER, Brooklyn, New York, Counsel to Plaintiff Funding Holding, Inc.,

Bruce Weiner , ROSENBERG, MUSSO & WEINER, LLP, Brooklyn, New York, Counsel to the Official Committee of Unsecured Creditors,


MEMORANDUM OF DECISION

ALLAN L. GROPPER, Bankruptcy Judge.

INTRODUCTION

Before the Court is the objection of creditor Plaintiff Funding Holding, Inc. ("Objectant") to the Debtors' Joint Amended Plan of Reorganization ("Plan"). Objectant argues that the Plan violates § 1129(a)(15) of the Bankruptcy Code in that the value of the property distributed to unsecured creditors is less than the Debtors' projected disposable...

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