In re Schrandt

Pre 2005-Act: 
Pre 2005-Act
Debtors failed to overcome the prima facie evidence of the validity of the creditor's claim.
Procedural posture: 
Bankruptcy debtors'plan was confirmed and the trustee's claims report allowed a creditor's claim secured by the debtors'automobile and the creditor's unsecured claim for the balance of the amount owed which was greater than the value of the vehicle. The debtors objected to allowance of the unsecured portion of the claim, asserting that the creditor agreed to waive the unsecured claim.
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