General Motors Acceptance Corp. v. Miller (In Re Miller)

OPINION

GEORGE BRODY, Bankruptcy Judge.

This proceeding involves the question of whether a debtor may redeem property under section 722 of the Bankruptcy Reform Act of 1978 (hereinafter referred to as the “Bankruptcy Code”), by compelling the secured creditor to accept payment in installments.

Raymond Robert Miller (hereinafter referred to as the “debtor”) filed a voluntary Chapter 7 petition in bankruptcy on December 12,1979. In his schedules he claimed as exempt, a 1979 Chevrolet which is subject to a security interest held by General Motors Acceptance Corporation (hereinafter referred to as…