In Re Celeste

MEMORANDUM OF DECISION AND ORDER

JOHN F. RAY, Jr., Bankruptcy Judge.

This matter came before the Court on the objection of creditors, Marion Burns and Avery S. Friedman, to confirmation of debtor’s proposed plan filed under Chapter 13 of the Bankruptcy Code.

Debtor, Guiseppi Celeste, proposes to pay all real estate mortgages in full outside the plan, and to pay into the plan $200.00 per month for the benefit of unsecured creditors. If debtor completes the plan, unsecured creditors would receive about eight percent.

By agreement of counsel, the matter was submitted to the Court on the pleadings…