In Re Folk

ORDER SUSTAINING OBJECTIONS TO CONFIRMATION

B.J. SELLERS, Bankruptcy Judge.

This matter is before the Court upon objections to confirmation of the Chapter 13 plan proposed by Harry H. Folk. The objections were filed by Bank One, Columbus, NA (“Bank One”) and were heard by the Court.

The debtor has proposed a Chapter 13 plan which, as amended, provides for payments of $807.67 each month for the first 12 months with monthly increases of $173.95 on each anniversary of the plan, payment in full of allowed secured and priority unsecured claims and a dividend of 21% to allowed general unsecured…