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IN RE McGOWAN

Bankruptcy No. 80-00252G.

9 B.R. 329 (1981)

In re John Edward McGOWAN and Elizabeth Marie McGowan, Debtors.

United States Bankruptcy Court, E.D. Pennsylvania.

February 26, 1981.

Attorney(s) appearing for the Case

Mitchell W. Miller, Philadelphia, Pa., for the debtors, John Edward McGowan and Elizabeth Marie McGowan.

Joseph S.U. Bodoff, Cohen, Pincus, Verlin, Hahn, Reich & Sherzer, Philadelphia, Pa., for objecting creditor Jay Vending, Inc.

Margaret Graham, Philadelphia, Pa., Trustee.

OPINION

EMIL F. GOLDHABER, Bankruptcy Judge:

The narrow issue before us is the feasibility of the debtor's chapter 13 plan. Since the debtors have failed to convince us that they will be able to obtain the refinancing to fund their plan, we conclude that the plan is not feasible and we will deny confirmation.

The facts of the case at bench are as follows:1 In March, 1975, John and Elizabeth McGowan ("the debtors") borrowed...

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