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MATTER OF RIVERA

Bankruptcy No. 92-01726 SEK.

144 B.R. 614 (1992)

In the Matter of Angel A. RIVERA, Marilyn Ramirez Santiago, Debtors.

United States Bankruptcy Court, D. Puerto Rico.

September 3, 1992.

Attorney(s) appearing for the Case

Juan Castañer, Bayamon, P.R., for debtors.

Iraida I. Gonzalez, Caparra Heights Sta., P.R., for creditor, Ford Motor Credit.

OPINION AND ORDER

SARA E. de JESUS, Bankruptcy Judge.

Ford Motor Credit Company has objected to the confirmation of Debtors' Plan dated August 21, 1992.1 For the reasons stated in this opinion we grant the objection and deny confirmation of the August 21, 1992 Plan.

Debtors own a 1989 LTL 9000 platform truck manufactured by Ford Motor Company. It is undisputed that this vehicle is encumbered by a registered conditional...

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