United States Bankruptcy Court, W.D. North Carolina September 17, 2007, 07-50204 (In Re Wall)

ORDER SUSTAINING OBJECTION TO CONFIRMATION

GEORGE R. HODGES, Bankruptcy Judge.

This matter is before the court on a creditor’s Objection to Confirmation of the debtors’ Chapter 13 Plan. That Plan proposes to bifurcate the creditor’s secured claim in the debtors’ recently purchased car because as part of the purchase, the creditor financed the “negative equity” in the debtors’ trade-in vehicle.