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IN RE BELL

No. 81-1626.

700 F.2d 1053 (1983)

In re Thomas Howard BELL and Margaret Louise Bell, Debtors. GENERAL MOTORS ACCEPTANCE CORPORATION, Plaintiff-Appellee, v. Thomas Howard BELL and Margaret Louise Bell, Defendants-Appellants.

United States Court of Appeals, Sixth Circuit.

Decided February 22, 1983.

Attorney(s) appearing for the Case

William M. Crawford, Detroit, Mich., Dennis J. Woods, Patrick J. Conway (argued), Detroit, Mich., for defendants-appellants.

Richard Szymczak, Stewart, O'Reilly, Cornell, Lascoe & Rancilio, Sterling Heights, Mich., Kenneth L. Rancilio (argued), Craig S. Schoenherr, Sr., Sterling Heights, Mich., for plaintiff-appellee; Otis M. Smith, Keith U. Landenberger, General Motors Corp., Detroit, Mich., of counsel.

Before KENNEDY and KRUPANSKY, Circuit Judges, and WILHOIT, District Judge.

KRUPANSKY, Circuit Judge.

This action joins the legal issue of whether redemption of secured collateral in a Chapter 7 bankruptcy proceeding may be achieved through installment payments.

Debtors, Thomas and Louise Bell (Bells), were parties to a purchase money security agreement with General Motors Acceptance Corporation (GMAC) covering a 1978 Chevrolet Van. The agreement contemplated that the Bells would pay the balance of the purchase price, approximately...

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