In Re Cooper

ORDER SUSTAINING OBJECTION TO MODIFICATION

MARY D. SCOTT, Bankruptcy Judge.

THIS CAUSE is before the Court upon the Objection to Modification of Plan After Confirmation, filed by SAC Federal Credit Union, on February 7,1994. The matter was called for hearing at which time the parties appeared, presented the Court with a stipulation of the facts, and argued their respective positions. The issue before the Court is whether the Chapter 13 debtor, Becki Cooper, may modify the plan, initially confirmed on November 7,1989, 1 to surrender collateral that diminished in value and to treat any deficiency…