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IN RE DAVIS

Bankruptcy No. 281-00080.

15 B.R. 118 (1981)

In re Penny Ann DAVIS, a/k/a Penny Ann Payne, Debtor.

United States Bankruptcy Court, C.D. Illinois.

October 23, 1981.

Attorney(s) appearing for the Case

Richard J. Doyle, Danville, Ill., for debtor.

Timothy O. Smith, Danville, Ill., for creditor.

OPINION

LARRY LESSEN, Bankruptcy Judge.

The question now before the Court is whether, under Bankruptcy Code Section 722, a debtor may redeem property in installment payments rather than in one lump sum payment. The Terre Haute First National Bank holds a valid security interest in the 1979 Village Park Mobile Home in which debtor and her family reside. Debtor granted the Bank this security interest through a retail...

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