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IN RE MARENARO

BAP No. RI 97-029.

217 B.R. 358 (1998)

In re Raymond A. MARENARO. GMAC MORTGAGE CORPORATION, Appellant, v. Raymond A. MARENARO, Appellee.

United States Bankruptcy Appellate Panel of the First Circuit.

February 4, 1998.

Attorney(s) appearing for the Case

Joel Robinson, Warwick, RI, on brief, for appellant.

James A. Murray, Pawtucket, RI, on brief, for appellee.

Before LAMOUTTE, HILLMAN and CARLO, Bankruptcy Judges.

HILLMAN, Bankruptcy Judge.

Raymond A. Marenaro ("Debtor") filed a petition under Chapter 13 of the United States Bankruptcy Code on March 18, 1997. GMAC Mortgage Corporation ("GMAC") holds a mortgage on his principal residence at 60 Smart Street, Providence, Rhode Island. Debtor's plan proposed to "cram down" GMAC's claim "pursuant to 11 USC § 506a, to the present appraised value of the real estate, 1 [sic] 11 USC § 1322(b)(2)."1

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