In Re Martinez

MEMORANDUM OPINION AND ORDER OBJECTION TO PLAN CONFIRMATION

RICHARD S. SCHMIDT, Bankruptcy Judge.

On this day came on for consideration the Objection to Confirmation of Debtors’ Plan filed by Capital One Auto Finance (“COAF”). The Court, having heard the evidence and arguments of counsel, finds that the Objection should be overruled and the plan confirmed.

BACKGROUND

Rosalinda and Carlos Martinez (the “Debtors”) purchased a 2004 Ford Taurus (the “Vehicle”) on July 22, 2004, from Knapp Chevrolet. The Debtors signed a note and security agreement to finance the purchase with COAF. Debtors filed…