D. Davis Furniture Co. v. Walker (In re Walker)

DECISION AND ORDER ON MOTION OF DAVIS FURNITURE CO.

BURTON PERLMAN, Bankruptcy Judge.

The plan in this Chapter 13 case was confirmed November 27, 1984. The plan provides for a monthly payment of $35.00 to movant on an allowed secured claim of $1,900.00. Movant’s collateral consists of a bedroom set and refrigerator. Debtors are not in default on their payments to the Chapter 13 trustee.

Subsequent to confirmation, movant’s collateral was destroyed by fire. Debtors have received $1,150.00 from their home owners’ insurance carrier to compensate them for the loss. Debtors have used other resources…