Hollytex Carpet Mills v. Tedford

OPINION

H. FRANKLIN WATERS, Chief Judge.

This is a bankruptcy appeal from the United States Bankruptcy Court for the Western District of Arkansas. On June 17, 1981, debtors/appellees John V. and Viola J. Tedford filed their Third Amended Chapter 13 Plan. On June 23,1981, the creditor/appellant filed the following objections to confirmation of the plan:

1. That on June 17, 1981, Act 419 of the 1981 General Assembly became effective.

2. That Act 419 prohibits Arkansas residents from utilizing the federal exemptions set forth in § 522(d) of the Bankruptcy Code.

3. Debtors have elected to utilize the…