Matter of Ambrose

MEMORANDUM AND ORDER ON OBJECTION TO CONFIRMATION

LAMAR W. DAVIS, Jr., Chief Judge.

This matter comes before the Court on American General Finance, Inc.’s (“American General”) objection to confirmation of Debtors’ Chapter 13 Plan. Based upon the arguments of counsel, the record in the file, and applicable authorities, I make the following Findings of Fact and Conclusions of Law.

FINDINGS OF FACT

Debtors filed a voluntary petition under Chapter 13 of the Bankruptcy Code on September 27, 1994. American General filed a proof of claim in Debtors’ case indicating that it has a claim against Debtors in…