In Re Harding

MEMORANDUM OF DECISION

DUNCAN W. KEIR, Bankruptcy Judge.

This case is before the court upon confirmation of the debtor’s chapter 13 plan. The plan presents the court with the issue of whether treatment of the secured claim of Industrial Bank (hereafter, the “Bank”) requires payment of postpetition interest on prepetition arrearages. The Bank asserts that this treatment is required by Rake v. Wade, 508 U.S. 464, 113 S.Ct. 2187, 124 L.Ed.2d 424 (1993). In Rake, the Supreme Court determined that in order to satisfy 11 U.S.C. § 1325(a)(5), treatment under a chapter 13 plan must include…