In Re Rhein

MEMORANDUM OPINION REGARDING CONFIRMATION OF DEBTOR’S CHAPTER 13 PLAN

ARTHUR J. SPECTOR, Bankruptcy Judge.

The issue in this case is whether, for purposes of § 1325(b) of the Bankruptcy Code, a plan must provide payment of the present value of the full amount of an allowed unsecured claim whose holder objects to the confirmation of the debtor’s Chapter 13 plan if the plan does not provide that all of the debtor’s disposable income for three years be applied to make payments under the plan.

The issue arose in the following manner. The debtor’s Chapter 13 plan proposed a 100% repayment over three…