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IN RE BATES

Bankruptcy No. 182-03484.

35 B.R. 475 (1983)

In re Stephen Lee BATES, Debtor.

United States Bankruptcy Court, M.D. Tennessee.

September 28, 1983.

Attorney(s) appearing for the Case

N. Houston Parks, Trabue, Sturdivant & DeWitt, Columbia, Tenn., for FDIC, Receiver for Hohenwald Bank and Trust Co.

L. Bruce Peden, Cain, Moore & Peden, Columbia, Tenn., for debtor.

MEMORANDUM

GEORGE C. PAINE, II, Bankruptcy Judge.

This matter is before the court on the debtor's application to redeem a 1976 Checkmate boat pursuant to 11 U.S.C. § 722 by paying the Federal Deposit Insurance Corporation (hereinafter "FDIC") $1,500.00, the alleged amount of FDIC's secured claim.1 FDIC has objected to this application on the basis that it has a secured claim in the...

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