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IN RE IVEY

Nos. B-90-11243C-13 W, 2:91CV00564.

147 B.R. 109 (1992)

In re David G. IVEY and Amelia D. Ivey, Debtors. FLEET FINANCE, INC., Appellant, v. David G. IVEY and Amelia D. Ivey, Debtors and Kathryn L. Bringle, Trustee, Appellees.

United States District Court M.D. North Carolina Greensboro Division.

September 24, 1992.

Attorney(s) appearing for the Case

Walter W. Pitt, Jr., D. Anderson Carmen, Bell, Davis & Pitt, P.A., Winston-Salem, N.C., for Fleet Finance, Inc.

Stephen D. Ling, Ling & Farran, Greensboro, N.C., Kathryn L. Bringle, Winston-Salem, N.C., Rayford K. Adams, III, Tuggle Duggins & Meschan, P.A., Greensboro, N.C., for David Gerald Ivey and Amelia Dawn Ivey.

Rayford K. Adams, III, Margaret V. Costley, Tuggle Duggins & Meschan, P.A., Greensboro, N.C., for Kathryn L. Bringle.

MEMORANDUM OPINION

OSTEEN, District Judge.

Fleet Finance Company appeals from a final order of the United States Bankruptcy Court denying its objection to a discount rate of 13% on payment of its allowed secured claim of $5,474.16. 131 B.R. 43. The issue presented is whether this plan complies with the "present value" requirement of 11 U.S.C. § 1325(a)(5)(B) (West Supp.1992). Although this court would not adopt as its...

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