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MATTER OF SCHER

Bankruptcy Nos. 80-B-12053, 80-B-11062.

12 B.R. 258 (1981)

In the Matter of Reid SCHER, Debtor. In the Matter of Barry SELMAN, Debtor.

United States Bankruptcy Court, S.D. New York.

June 16, 1981.

Attorney(s) appearing for the Case

Gerald A. Kagan, New York City, for debtors Reid Scher and Barry Selman.

Albert Togut, New York City, Chapter 13 Trustee for Reid Scher.

Lipsig, Sullivan & Liapakis, P.C., New York City, for New York State Higher Education Dept.; Thomas A. Holman, New York City, of counsel.

New York University, by Ada Meloy, Asst. Gen. Counsel., New York City.

Jeffrey Sapir, Yonkers, N.Y., Chapter 13 Trustee for Barry Selman.

OPINION

ROY BABITT, Bankruptcy Judge:

The issue common to both of these petitioners is whether their Chapter 13 plans offering minimal payments to their unsecured creditors, the bulk of whom hold student loans, may be confirmed with the attendant benefits flowing from that confirmation.1

On December 2, 1980 Reid Scher filed his voluntary petition as an eligible Chapter...

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