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IN RE McELROY

Bankruptcy No. 397-30230-elp13.

210 B.R. 833 (1997)

In re Stephen Duane McELROY, Dixie Kay McElroy, Debtors.

United States Bankruptcy Court, D. Oregon.

June 30, 1997.

Attorney(s) appearing for the Case

Magar E. Magar, Portland, OR, for debtors.

Thomas K. Hooper, Portland, OR, for Ford Motor Credit Co.

MEMORANDUM OPINION

ELIZABETH L. PERRIS, Bankruptcy Judge.

Ford Motor Credit Company ("FMCC") objects to confirmation of the Chapter 13 plan proposed by Stephen and Dixie McElroy on the basis that the McElroys' value of their two vehicles is too low, the plan is not feasible and it does not meet the good faith requirement.

FACTS

The McElroys filed Chapter 13 on September 23, 1996. The court dismissed the 1996 case on January 9, 1997...

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