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IN RE PRYOR

No. 05-87079.

341 B.R. 648 (2006)

In re Steven D. PRYOR, Debtor.

United States Bankruptcy Court, C.D. Illinois.

May 12, 2006.

Attorney(s) appearing for the Case

Dick B. Williams, East Peoria, IL, for Debtor.

Steven L. Nelson, for Ford Motor Credit Co.

OPINION

Before the Court is the objection of FORD MOTOR CREDIT COMPANY (FMCC) to confirmation of the Amended Chapter 13 plan filed by STEVEN PRYOR, the Debtor (DEBTOR). A hearing was held on February 13, 2006, and the matter was taken under advisement. The narrow question before the Court is whether the interest rate payable on a secured claim is capped at the contract rate. Both the DEBTOR and FMCC submitted briefs on the issue.

On September 10,...

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