Jones v. Indiana Finance Co.

ENTRY

BARKER, Chief Judge.

Appellants Robert Andrew Jones and Mar-vetta Jones (“Appellants” or “Debtors”) appeal the Bankruptcy Court’s grant of summary judgment in favor of Indiana Finance Company (“Appellee” or “Creditor”). For the reasons stated below, we reverse the bankruptcy court’s judgment and remand for further proceedings.

I. BACKGROUND

The Debtors entered into a Retail Installment Contract and Security Agreement (“Contract”) with Oak Motors on March 13, 1992, to purchase an automobile. The total amount financed was $5,050.00 with the first payment scheduled for April 13, 1992. The…