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IN RE McNAIR

Bankruptcy No. 87 B 19232.

90 B.R. 912 (1988)

In re Rommy & Marilyn McNAIR, Debtors.

United States Bankruptcy Court, N.D. Illinois, E.D.

August 16, 1988.

Attorney(s) appearing for the Case

Edmund G. Urban, III, Urban & Burt, Ltd., Oak Forest, Ill., for movant.

Melvin Kaplan, Chicago, Ill., for debtors.

Craig Phelps, Chicago, Ill., Standing Trustee.

MEMORANDUM OPINION

RONALD S. BARLIANT, Bankruptcy Judge.

The Debtors in this Chapter 13 case purchased a co-operative apartment from Charles and Mary Cole, who financed that sale by taking a $60,000 note, secured by assignments of the shares in the co-operative corporation and the proprietary lease of the apartment. The Debtors defaulted, but now seek to save their apartment by proposing a plan that will cure their default. The Coles, claiming that they...

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