In Re Lyles

MEMORANDUM OPINION AND ORDER RE FIRST NATIONAL BANK’S OBJECTION TO CONFIRMATION

G. HARVEY BOSWELL, Bankruptcy Judge.

The Court conducted a hearing on First National Bank’s Objection to Confirmation on October 15,1998. Fed. R. Banicr. P. 9014. Pursuant to 28 U.S.C. § 157(b)(2), this is a core proceeding. After reviewing the testimony from the hearing and the record as a whole, the Court makes the following findings of facts and conclusions of law. Fed. R. BaNKR. P. 7052.

J. FINDINGS OF FACT

On May 8, 1997, the debtors purchased a new 1997 Chevrolet pick-up truck for $22,-045.00, the purchase of…