In Re Stiles

FINDINGS OF FACT AND CONCLUSIONS OF LAW ON PROPOSED MODIFICATION OF RIGHTS OF CREDITOR HOLDING SECURED CLAIM

L. CHANDLER WATSON, Jr., Bankruptcy Judge.

The above-styled case was commenced by the debtors’ petition under title 11, chapter 13, United States Code, filed January 20,1987, and the case continues to be pending before this Court under said chapter. The debtors proposed a plan to pay the secured claim of Associates Financial Services Company of Alabama, Inc. (hereinafter Associates), with interest at the rate of 10% per annum, in 60 monthly installments, and through the standing chapter…