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MATTER OF RICHARDS

Bankruptcy No. 89-51726.

106 B.R. 762 (1989)

In the Matter of Byron M. RICHARDS, Debtor. WAREHOUSE HOME FURNISHINGS DISTRIBUTORS, INC. d/b/a Farmers Furniture Company, Movant, v. Byron M. RICHARDS and Camille Hope, Trustee, Respondents.

United States Bankruptcy Court, M.D. Georgia, Macon Division.

October 26, 1989.

Attorney(s) appearing for the Case

Sharon R. Jones, Milledgeville, Ga., for debtor.

Bruce M. Hofstadter, Macon, Ga., for movant.

Kristin Smith, Deputy Trustee, Macon, Ga., for trustee.

MEMORANDUM OPINION

ROBERT F. HERSHNER, Jr., Chief Judge.

Byron M. Richards, Debtor, filed a petition under Chapter 13 of the Bankruptcy Code on July 14, 1989. Warehouse Home Furnishings Distributors, Inc. d/b/a Farmers Furniture Company, Movant, filed an objection to confirmation on September 1, 1989. Movant contends that Debtor's plan does not pay present value on Movant's secured claim because the plan does not propose to pay interest at the contract rate...

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