IN RE PHILLIPS

Bankruptcy No. 92-10189, CM No. 92-501.

142 B.R. 15 (1992)

In re Anthony J. PHILLIPS, a/k/a, Tony Phillips and Robyn Phillips, Debtors. FORD MOTOR CREDIT COMPANY, Movant, v. Anthony J. PHILLIPS and Robyn Phillips, Respondents.

United States Bankruptcy Court, D. New Hampshire.

June 19, 1992.


Attorney(s) appearing for the Case

John J. Albright, Newmarket, N.H., for debtors.

Jeffrey A. Schreiber, Danvers, Mass., for Ford Motor Credit Co.

Lawrence P. Sumski, Amherst, N.H., Chapter 13 Trustee.


MEMORANDUM OPINION AND ORDER

JAMES E. YACOS, Bankruptcy Judge.

The chapter 13 petitioners' plan of reorganization came on for hearing before the Court on May 15, 1992, on a motion to reduce the value of Ford Motor Credit Company's ("Ford") security interest in two Suzuki automobiles. Also, before the Court for decision is whether a chapter 13 plan may bifurcate a secured creditor's interest in personal property into...

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