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IN RE ENEWALLY

Bankruptcy No. LA 00-35828-SB. Adversary No. LA 00-02742-SB.

276 B.R. 643 (2002)

In re Ikechukwo ENEWALLY & Uzoamaka Enewally, Debtors. Ikechukwo Enewally et ux., Plaintiffs, v. Washington Mutual Bank, et al., Defendants.

United States Bankruptcy Court, C.D. California.

April 12, 2002.

Attorney(s) appearing for the Case

Stephen M. Taylor, Long Beach, CA, for debtors.

Fred Winters, Wolf Law Firm, Newport Beach, CA, for defendants.

OPINION ON BIFURCATION OF CREDITOR'S UNDERSECURED CLAIM

SAMUEL L. BUFFORD, Bankruptcy Judge.

I. INTRODUCTION

Debtors have brought this adversary proceeding to bifurcate the value of their income-producing property into secured and unsecured claims. Debtors propose to satisfy the secured claim under their chapter 13 plan1 by making monthly payments of principal and interest...

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