IN RE WALTERS

Bankruptcy No. 96-31023.

203 B.R. 122 (1996)

In re Kelly WALTERS, Debtor.

United States Bankruptcy Court, S.D. Illinois.

December 4, 1996.


Attorney(s) appearing for the Case

James S. Cole, St. Louis, MO, for GMAC.

William Mueller, Belleville, IL, for Debtor.


OPINION

KENNETH J. MEYERS, Bankruptcy Judge.

Debtor filed a chapter 13 bankruptcy petition on April 26, 1996. General Motors Acceptance Corporation (GMAC), the only secured creditor in this case, filed a claim for $10,723.69. The collateral securing GMAC's debt is a 1995 Chevrolet Cavalier. Debtor's five-year plan provides that GMAC will retain its lien and will be paid the value of its collateral plus nine percent interest. The parties appear to...

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