In re Keck
Feb
09
2007
Ruling
Debtors could surrender vehicles in full satisfaction of secured debt.
Procedural posture
Creditor filed an objection to the confirmation of debtors' chapter 13 bankruptcy plan and plan terms. The sole issue the court was called upon to resolve was whether the provision at paragraph 14 of the debtors'plan that the collateral securing the creditor's claims (two vehicles), which debtors proposed to surrender in full satisfaction of the debt, met the confirmation requirements of 11 U.S.C. § 1325(a)(5).
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Court
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