Chrysler Credit Corp. v. Cooper (In Re Cooper)

OPINION

WILLIAM L. NORTON, Jr., Bankruptcy Judge.

On April 15, 1980, debtors filed a petition for relief under Chapter 13 of the Bankruptcy Code. The plan filed by the debtors proposed to pay over a period of three years 100% of all allowed secured claims, including a secured claim of Chrysler Credit Corporation, the security for which was a 1978 Chrysler Cordoba automobile. The total amount owing on said vehicle at the time the debtors filed their petition was $6,283.90, principal and interest. The debtors contend that Chrysler Credit is entitled to an allowed secured claim to the extent of…