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MATTER OF JONES

Bankruptcy No. 89-11482.

119 B.R. 996 (1990)

In the Matter of Carvey (NMN) JONES Debtor.

United States Bankruptcy Court, N.D. Indiana, Fort Wayne Division.

September 26, 1990.

Attorney(s) appearing for the Case

Rebecca Harper, Marion, Ind., for debtor.

Donald M. Aikman, Trustee, Fort Wayne, Ind.

Charles J. Riley, Marion, Ind., for creditor.

DECISION

ROBERT E. GRANT, Bankruptcy Judge.

This matter is before the court on the objection of Citizen's National Bank to confirmation of debtor's proposed Chapter 13 plan and its motion for relief from stay.

I. Facts

The Debtor, Carvey Jones, purchased a 1989 Cadillac Brougham on March 31, 1989. To do so, he borrowed $31,855.62 from Citizen's National Bank (CNB). The loan was to be repaid, with interest at the rate of 13.25 percent...

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