In re Bolze

Plaintiff debtors filed a proposed chapter 13 bankruptcy plan. A secured creditor, a creditor union, objected to the plan. Debtor one had borrowed money from the creditor to purchase a car, which was titled in both debtors'names. The creditor held a perfected purchase money security interest in the vehicle. In their plan, the debtors proposed to cram down the creditor's claim, treating only a portion of it as a secured claim.