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MATTER OF CROCKETT

Bankruptcy No. 79 B 39112.

3 B.R. 365 (1980)

In the Matter of John CROCKETT, Doris J. Crockett, Debtors.

United States Bankruptcy Court, N.D. Illinois, E.D.

April 11, 1980.

Attorney(s) appearing for the Case

Bruce Katz, Groupe & Katz, Chicago, Ill., for debtors.

Manliff Simpson, Simpson, Cybak & Torres, Chicago, Ill., for GMAC.

MEMORANDUM AND ORDER

ROBERT L. EISEN, Bankruptcy Judge.

This matter came on to be heard on the objection of General Motors Acceptance Corporation (GMAC) to confirmation of the debtors' plan of arrangement under Chapter 13 of the Bankruptcy Code.

The plan proposes to pay secured creditors the full value of their collateral, i.e., the secured portion of their claims, and 10% of the balance of their claims along with the other unsecured creditors. At...

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