In Re Zimmerman

I

PACTS

JAMES W. MEYERS, Bankruptcy Judge.

When the debtors filed their voluntary petition in bankruptcy they listed three motor vehicles among their assets. Each of the vehicles was recognized as exempt property or abandoned by the trustee. On April 4, 1980, the debtors filed a motion seeking to redeem a 1978 Ford Van for $4,600 by paying installments of $150 per month until the entire amount, plus 10% interest per annum, was paid in full. They also proposed to redeem a 1976 Taurus Travel Trailer for $3,100 with payments of $100 per month, also with 10% interest.

The Bank of America (“Bank”) is…