Matter of Statmore

MEMORANDUM

DAVID L. CRAWFORD, Bankruptcy Judge.

In this Chapter 13 proceeding, the debtors have filed a proposed modification of their confirmed Chapter 13 plan which seeks to reduce the amount payable to unsecured creditors from $6,000 to zero. The justification given by the debtors in the evidence before me is that the assets which creditors could look to have changed since the Chapter 13 petition was filed, and because of that change, the debtors’ current assets are now totally exempt under applicable law. Accordingly, the debtors argue, the plan satisfies the requirement of § 1325(a)(4) in…