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IN RE HANNON

Bankruptcy No. 91-01263-C.

129 B.R. 238 (1991)

In re Ronnie HANNON and Rosetta Hannon, Debtors.

United States Bankruptcy Court, N.D. Oklahoma.

June 26, 1991.

Attorney(s) appearing for the Case

Harvey C. Carpenter, Tulsa, Okl., for debtors.

Lawrence A.G. Johnson, Tulsa, Okl., for trustee Wade.

Lonnie D. Eck, Tulsa, Okl.

Donald A. Flasch, Tulsa, Okl.

James M. Hinds, Tulsa, Okl.

Bruce G. Straub, Tulsa, Okl.

Katherine Vance, Asst. U.S. Trustee, Tulsa, Okl.

AMENDED MEMORANDUM OPINION1

STEPHEN J. COVEY, Bankruptcy Judge.

On April 25, 1991, the Debtors filed a petition for relief under Chapter 13 of the Bankruptcy Code. The Debtors listed their residence as an asset valued at $72,175.00 and subject to a first mortgage in favor of William J. Wade, Trustee, in the amount of $32,175.00.

The Debtors plan of repayment provided that all post-petition payments due on the mortgage...

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