In Re Covington

MEMORANDUM ON OBJECTION TO CONFIRMATION FILED BY SECURITY PACIFIC HOUSING SERVICES

RICHARD S. STAIR, Jr., Bankruptcy Judge.

Security Pacific Housing Services (Security Pacific), a secured creditor, objects to confirmation of the debtor’s Chapter 13 Plan filed September 9,1994, as modified on October 19, 1994, by a First Amended Plan Prior to Confirmation (Plan). The sole confirmation issue is whether the Plan, which provides for the surrender to Security Pacific of a 1991 Peach State Mobile Home (Mobile Home), but also includes a cram down provision whereby the debtor will retain a stove and…