Carr v. Security Savings & Loan Ass'n
District Court, D. New Jersey
1Opinion of the Court
OPINION
BROTMAN, District Judge.
Presently before the court is the appeal of Security Savings Bank, S.L.A., from the April 30, 1990 order of the United States Bankruptcy Court.
I. FACTS AND PROCEDURE
Cheryl M. Carr, appellee in this matter (“debtor”), filed for bankruptcy protection under 11 U.S.C. Chapter 13 on September 21, 1988. Debtor’s plan proposed to pay appellant, a secured creditor, the value of its collateral, debtor’s car (a 1987 Ford Escort GT). Appellant, Security Savings Bank, S.L.A., (“Security Savings” or “the bank”) moved for relief from the automatic stay in July of 1989 as a…
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