IN RE RAIKES

Bankruptcy No. 82-00807.

22 B.R. 837 (1982)

In re Thomas RAIKES, Debtor.

United States Bankruptcy Court, D. New Jersey.

August 26, 1982.


Attorney(s) appearing for the Case

David P. Daniels, Camden, N.J., for debtor.

Robert M. Wood, Red Bank, N.J., Standing Chapter 13 Trustee.

Howard P. Schiff and Daniel C. Schiff by Daniel C. Schiff, Paul R. Edinger (on the brief), West Long Branch, N.J., for Finance One of New Jersey, Unsecured creditor.


OPINION

WILLIAM LIPKIN, Bankruptcy Judge.

The Debtor herein, Thomas Raikes, filed a Petition on February 10, 1982 under the provisions of Chapter 13 of the Bankruptcy Code, Adjustment of Debts of an Individual with Regular Income. The Debtor proposed paying $80.00 a month for a period of 58 months to the Standing Trustee, which would be applied by him in satisfaction of the arrears on two mortgages on the Debtor's home plus administration expenses.

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