In Re Ramirez-Arellano

MEMORANDUM DECISION DENYING MODIFICATION OF PLAN

A. JAY CRISTOL, Bankruptcy Judge.

This cause came on before the court on February 6, 1990, on the debtors’ Motion to Modify Chapter 13 Plan to Provide for Exercise of Option to Purchase with GMAC Over Remaining Term of Plan. An objection was filed by General Motors Acceptance Corporation (GMAC). The cause was heard, and the court is fully advised in the premises.

The debtors filed their petition under Chapter 13 of Title 11 on September 2, 1988. Their original Chapter 13 Plan was confirmed on November 30, 1988. Prior to this couple seeking the…