IN RE HUDOCK

Bankruptcy No. 88 B 03185.

124 B.R. 532 (1991)

In re Rhea HUDOCK, Debtor.

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

March 8, 1991.


Attorney(s) appearing for the Case

Brian C. Pedersen, Kenneth S. Borcia, Libertyville, Ill., and Terry Long, Sherman & Sherman, Chicago, Ill., for Ford Motors.

Robert J. Adams, Chicago, Ill., for debtor.

Craig Phelps, Chapter 13 standing trustee, Chicago, Ill.


MEMORANDUM OPINION

RONALD S. BARLIANT, Bankruptcy Judge.

The Debtor in this chapter 13 case objected to the secured claim of Ford Motor Credit Company. The parties agree that the amount of the secured claim that should be allowed is $6,500. The disputed issue raised by the objection is the appropriate discount rate that should be applied to determine the present value of the payments to be made under the Debtor's plan on Ford's allowed secured claim. Under...

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