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MATTER OF GLADDIN

Bankruptcy No. 89-52058.

107 B.R. 803 (1989)

In the Matter of Sammy Lee GLADDIN, Debtor. WAREHOUSE HOME FURNISHINGS DISTRIBUTORS, INC. d/b/a Farmers Furniture Company, Movant, v. Sammy Lee GLADDIN and Camille Hope, Trustee, Respondents.

United States Bankruptcy Court, M.D. Georgia, Macon Division.

November 28, 1989.

Attorney(s) appearing for the Case

Sharon R. Jones, Milledgeville, Ga., for debtor.

Bruce M. Hofstadter, Macon, Ga., for movant.

Elizabeth McBrearty, Deputy Trustee, Macon, Ga., for trustee.

MEMORANDUM OPINION

ROBERT F. HERSHNER, Jr., Chief Judge.

Sammy Lee Gladdin, Debtor, filed a petition under Chapter 13 of the Bankruptcy Code on August 17, 1989. Warehouse Home Furnishings Distributors, Inc. d/b/a Farmers Furniture Company, Movant, filed an objection to confirmation on September 14, 1989. Movant contends that Debtor's plan does not pay present value on Movant's oversecured claim because the plan does not propose to pay interest at the contract...

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