In Re Lucas

MEMORANDUM OF OPINION RECONFIRMATION OF PLAN

HERBERT KATZ, Bankruptcy Judge.

Debra Kay Lucas, Debtor herein, filed a petition for relief under Chapter 13 of the Bankruptcy Code (11 U.S.C. 1301 et seq.) on January 2, 1980. The petition was accompanied by a Plan which proposes to pay to the trustee the sum of $82.00 per month, to be distributed by him as follows:

1. Western Thrift & Loan 1,050.00 at $34.00 mo. (secured by a 1975 Pontiac)

2. HFC & Grantree Furniture 800.00 at $26.00 mo. Co. (claimed to be fully secured)

These creditors are to receive 10% interest on the allowed amount of their…