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MATTER OF HYDEN

Bankruptcy No. 3-80-01393, Adv. No. 3-80-0308.

10 B.R. 21 (1980)

In the Matter of Richard T. HYDEN, Debtor. GENERAL MOTORS ACCEPTANCE CORPORATION, Plaintiff, v. Richard T. HYDEN and George Ledford, Trustee, etc., Defendants.

United States Bankruptcy Court, S.D. Ohio, Western Division.

December 10, 1980.

Attorney(s) appearing for the Case

Daniel A. Nagle, Kettering, Ohio, for plaintiff.

Donald F. Harker, III, Dayton, Ohio, for defendant.

George Ledford, Englewood, Ohio, Chapter 13 Trustee.

Lloyd D. Cohen, Dayton, Ohio, amicus curiae.

ELLIS W. KERR, Bankruptcy Judge.

FACTS

Richard T. Hyden, the Debtor, filed a petition under Chapter 13 of Title 11 U.S.C. His plan proposed $100.00 monthly payments for 36 months.

General Motors Acceptance Corporation (GMAC), the Plaintiff, is a secured creditor. Its security is a 1976 Plymouth Fury.

On the date of the filing of the petition the value of the auto was $1,738.00 (agreed). Net payoff of obligation to GMAC was $2,456.10, and...

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