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IN RE TERRY

Bankruptcy No. 1-87-00749.

78 B.R. 171 (1987)

In re Richard Eugene TERRY, Betty Ruth Terry, Debtors.

United States Bankruptcy Court, E.D. Tennessee.

September 18, 1987.

Attorney(s) appearing for the Case

Richard L. Banks, Cleveland, Tenn., for debtors.

Mark J. Mayfield, Chattanooga, Tenn., for Credithrift of America, Inc., a creditor.

RALPH H. KELLEY, Chief Judge.

The question before the court is whether to confirm the debtors' chapter 13 plan over the objection of Credithrift, the holder of a nonpriority unsecured claim.

If this were a liquidation case under chapter 7 of the Bankruptcy Code, there would be no payment on nonpriority unsecured claims since the debtors do not have any lien free property over and above their exemptions. Credithrift would be paid nothing.

The plan proposes...

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