IN RE LEE

Bankruptcy No. 91-03661.

137 B.R. 285 (1991)

In re Bennie LEE, Debtor.

United States Bankruptcy Court, E.D. Wisconsin.

December 4, 1991.


Attorney(s) appearing for the Case

Clifton G. Owens, Milwaukee, Wis., for debtor.

Jeffrey S. Schuster, Milwaukee, Wis., for Fidelity Financial.

Louis R. Jones, trustee.


DECISION

DALE E. IHLENFELDT, Bankruptcy Judge.

For the first time in this district, the court is asked to decide whether chapter 13 debtors can bifurcate undersecured claims, secured only by a security interest in real property that is the debtor's principal residence, into secured and unsecured claims, and to "cram-down" such claims.

Fidelity Financial Services, Inc. (Fidelity), the sole creditor in this...

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