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IN RE SCOTT

Bankruptcy No. 99 B 33197.

248 B.R. 786 (2000)

In re Robert W. SCOTT, Debtor.

United States Bankruptcy Court, N.D. Illinois, Eastern Division.

May 24, 2000.

Attorney(s) appearing for the Case

Peter Francis Geraci, Chicago, IL, for Debtor.

Kenneth B. Drost, P.C., Barrington, IL, for Summit Acceptance Corp.

MEMORANDUM OF OPINION

EUGENE R. WEDOFF, Bankruptcy Judge.

This Chapter 13 case is before the court on a creditor's objection to confirmation, raising the recurring question of the rate of interest that must be paid on a secured claim being "crammed down" pursuant to § 1325(a)(5)(B)(ii) of the Bankruptcy Code (Title 11, U.S.C.). As discussed below, secured automobile loans crammed down in a Chapter 13 case ordinarily do not require interest payments...

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