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IN RE PELLEGRINO

Bankruptcy No. 96-16103DAS.

205 B.R. 479 (1997)

In re Mario PELLEGRINO, Frances Pellegrino, Debtors.

United States Bankruptcy Court, E.D. Pennsylvania.

February 27, 1997.

Attorney(s) appearing for the Case

John J. Koresko, V, Norristown, PA, for Debtors.

John D. Shea (David L. Tillem, Melissa A. Hager, on the brief), Wilson, Elsor, Moskowitz, Edelman & Dicker, Philadelphia, PA, for Subaru American Credit.

Edward Sparkman, Standing Chapter 13 Trustee, Philadelphia, PA.

OPINION

DAVID A. SCHOLL, Chief Judge.

A. INTRODUCTION

The Second Amended Chapter 13 Plan ("the Plan") filed by MARIO PELLEGRINO and FRANCES PELLEGRINO ("the Debtors") attempts to pay off the Debtors' Net (Closed End) Lease Purchase Option of August 24, 1994 ("the Lease"), of a 1995 Subaru Legacy station wagon ("the Car"), by paying the assignee of the Lease, Subaru American Credit ("Subaru"), the amount necessary to cure the payment...

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