IN RE YOUNG

No. 95-1369.

66 F.3d 376 (1995)

In re Derald E. YOUNG and Mary P. Young, Debtors. Derald E. YOUNG and Mary P. Young, Appellants, v. KEY BANK OF MAINE, et al., Appellees.

United States Court of Appeals, First Circuit.

Decided September 29, 1995.


Attorney(s) appearing for the Case

Ralph W. Brown, Portland, ME, for appellants.

Jana S. Stabile, with whom Michael S. Haenn, Bangor, ME, was on brief, for appellees.

Before SELYA and BOUDIN, Circuit Judges, and SARIS, District Judge.


SELYA, Circuit Judge.

This appeal raises an issue which, but for its effect on the parties before us, might well deserve a place among the inhabitants of Madame Tussauds's Waxworks. The tale follows.

We begin with basic bankruptcy bromides. Chapter 13 of the Bankruptcy Code, 11 U.S.C. §§ 1301-1330, enables individual debtors to reorganize their financial affairs, so to speak, by extending due dates and servicing their debts out of future income pursuant...

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