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IN RE MONCRIEF

Bankruptcy No. 92-50383.

163 B.R. 492 (1993)

In re John E. MONCRIEF, Eliza Moncrief, Debtors.

United States Bankruptcy Court, E.D. Kentucky, Lexington Division.

June 18, 1993.

Attorney(s) appearing for the Case

James L. Hayden, Lexington, KY, for debtors.

Castil Williams, Lexington, KY, for Trans-America Financial Corp.

MEMORANDUM OPINION

JOE LEE, Chief Judge.

This case is pending on the motion of the debtors pursuant to 11 U.S.C. § 506 to avoid the second mortgage of TransAmerica Financial Corporation on real property located at 102 Washington Drive, Richmond, Kentucky, the debtors' principal residence.

The debtors filed a joint petition for relief under chapter 13 of the Bankruptcy Code on February 21, 1992. Their plan provides for the curing of arrearages...

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