Payment Plans, Inc. v. Robert P. Strell, as Trustee for the Estate of Paul R. Johnson

OAKES, Circuit Judge:

This appeal is from a judgment of the United States District Court for the West ern District of New York, John T. Curtin, Judge, affirming the April 21, 1982, order of the United States Bankruptcy Court for the Western District of New York, Beryl E. McGuire, Judge, denying plaintiff Payment Plans’ application for relief from a stay that prevents Payment Plans from enforcing its security interest in a 1970 Pacemaker 42-foot boat, valued at $45,000.

The boat was owned by Merle Vikre, to whom the State of Florida had issued a “Boat Certificate of Title” in 1978. In 1979,…