In Re Meeks
United States Bankruptcy Court, S.D. Illinois
1Opinion of the Court
OPINION
KENNETH J. MEYERS, Bankruptcy Judge.
At issue in this chapter 13 proceeding is whether a written agreement between RTO Rents (“RTO”) and debtor for the lease of a washer and dryer is a true lease subject to assumption or rejection under 11 U.S.C. § 365 or a security agreement. In her plan, debtor treats RTO’s claim as secured and proposes to pay RTO the sum of $500.00 (the alleged value of the property) plus interest at the rate of nine percent. RTO objects to confirmation of the plan on the basis that the agreement at issue is a lease that must be assumed or rejected.
FACTS
On May 31,…
2Cases cited5 opinions
- In the Matter of Marhoefer Packing Company, Inc., Bankrupt, Appeal of Robert Reiser & Company, Inc., CreditorCourt of Appeals for the Seventh Circuit · 1982
- In Re Keith Alan Powers, Debtor. Keith Alan Powers v. Royce Inc., D/B/A Royce RentalsCourt of Appeals for the Seventh Circuit · 1993
- In Re LerchUnited States Bankruptcy Court, C.D. Illinois · 1992
- In Re MorrisUnited States Bankruptcy Court, E.D. Missouri · 1992
- Rent-A-Center, Inc. v. Spears (In Re Spears)United States Bankruptcy Court, S.D. Illinois · 1992
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- In Re SmithUnited States Bankruptcy Court, E.D. Virginia · 2000
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