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MATTER OF FARACA

Bankruptcy No. 81-02189.

17 B.R. 824 (1982)

In the Matter of Jay A. FARACA, Debtor.

United States Bankruptcy Court, D. Idaho.

February 24, 1982.

Attorney(s) appearing for the Case

Wm. H. Mulberry, Pinehurst, Idaho, for debtor.

L.C. Spurgeon, Coeur d'Alene, Idaho, trustee.

Cox & Davis, Coeur d'Alene, Idaho, for objecting creditor, First Sec. Bank.

MEMORANDUM DECISION

M.S. YOUNG, Bankruptcy Judge.

This matter is before the court upon the objection of First Security Bank of Idaho to the confirmation of debtor's plan for adjustment of his debts under chapter 13 of the Bankruptcy Code. Debtor's plan proposes to pay First Security Bank, hereinafter called bank, the sum of $7,800.00 plus interest as the allowed secured value of its collateral over a 36 month period. The plan also provides for the payments...

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