Case Problem:
David files a bankruptcy petition. After the claims of secured and priority creditors have been satisfied, David’s remaining bankruptcy estate has a value of $100,000. David’s creditors with allowed unsecured claims are owed $250,000 in total. Chris, an unsecured creditor, is owed $13,500. David’s plan proposes to pay Chris $150 per month for three years. Should the bankruptcy court confirm David’s plan? Explain.
Your answer must be, typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.