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IN RE PENICK

Bankruptcy No. BK-89-04468-LN.

108 B.R. 776 (1989)

In re David E. PENICK and Rhonda Penick, Debtors.

United States Bankruptcy Court, W.D. Oklahoma.

December 29, 1989.

Attorney(s) appearing for the Case

Kenneth C. McCoy, Oklahoma City, Okl., for debtors.

Lawrence Johnson, Tulsa, Okl., for creditor.

ORDER ON OBJECTION TO CONFIRMATION OF CHAPTER 13 PLAN

PAUL B. LINDSEY, Bankruptcy Judge.

BACKGROUND

On July 18, 1989, debtors filed their petition herein under Chapter 13 of the Bankruptcy Code, together with their proposed Chapter 13 plan. Objections to confirmation of the plan were filed by Citizens Bank of Edmond ("Bank") and by William J. Wade, Trustee ("Wade"), holder of the note and mortgage on debtors' principal residence. The objection...

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