IN RE CLARK

Bankruptcy No. 180-00856.

10 B.R. 605 (1981)

In re William K. CLARK, Patricia Clark, Debtor(s). William K. CLARK, Patricia Clark, Plaintiffs, v. FORD MOTOR CREDIT COMPANY, Defendant.

United States Bankruptcy Court, C.D. Illinois.

April 8, 1981.


Attorney(s) appearing for the Case

Charles E. Covey, Galesburg, Ill., for the Clarks.

B. Douglas Stephens, Jr., Peoria, Ill., for Ford Motor Credit Co.


DECISION

MAX J. LIPKIN, Bankruptcy Judge.

William and Patricia Clark filed a Chapter 7 Petition on June 24, 1980.

In their schedules they listed Ford Motor Credit Co. as a secured creditor in the amount of $9,293.95, having a lien on a 1979 Ford Thunderbird.

On August 24, 1980, Debtors filed a Motion to redeem the vehicle stating that the wholesale value of the vehicle was $4175.00. The Motion alleged that Ford Motor Credit Co. is unwilling...

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