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IN RE PEARSON

Bankruptcy No. 180-02638-21.

10 B.R. 189 (1981)

In re Godfrey and Audrey PEARSON, Debtors.

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

March 31, 1981.

Attorney(s) appearing for the Case

Gerald A. Kagan, New York City, for debtors.

Aaron, Mattikow & Lorenz, P.C. Jericho, N.Y., for creditor Vanguard Holding Corp.

Robert W. Tauber, Brooklyn, N.Y., Trustee in Bankruptcy.

OPINION

CECELIA H. GOETZ, Bankruptcy Judge:

This proceeding raises the question whether, after entry of a judgment of foreclosure and sale with respect to the debtors' principal residence, the bankruptcy court should confirm a Chapter 13 plan which proposes to pay the judgment creditor, the mortgagee, over the life of the plan less than the face amount of the judgment.

THE FACTS

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