During the time Taylor Bean produced the loan, Appellants‘ cellular household was install on the acres and you will Appellants didn’t come with goal of moving the latest cellular family on the home. (Id. at the -19.) Brand new wheels and you will axles linked to the halves of cellular house was in fact eliminated whenever Appellants moved the cellular family on the assets. (Id, at the 41:8-nine.) Also, the fresh tongues was in fact eliminated. (Id. during the twenty seven:6-eight.) Appellants built a good septic program and you may a liquid better, and immediately after Taylor Bean generated the mortgage, Appellants developed good mortared cinderblock basis up to all edges away from their residence. (Id. during the 37:7-38:nine.) Appellants plus installed exterior air conditioners (id. during the 42:8-9), together with electrical solution, (id. at the -25).
II. Personal bankruptcy Legal proceeding
(Tr. 5:23-25.) At the time of brand new submitting, Bobby try forced to Appellee for a loan secured by the Appellants‘ miles and you may developments, and you may Appellants had been as you obligated to the bank from Danielsville getting financing secured by the Appellants‘ cellular family and an auto and you may pick up truck belonging to Bobby. On the , Appellee filed its shielded proof of claim with the case of bankruptcy legal from the level of $104,, representing the primary and you will pre-petition arrearage owed of the Appellants.
Appellants‘ earliest proposed package given, when you look at the pertinent one to, you to definitely „[confirmation from the bundle often extinguish another lien towards [Appellants‘] house stored of the [the lending company out-of Danielsville] due to the not enough really worth to help with the brand new reported lien
Appellants supported and recorded their first advised Part thirteen bundle, which offered to cure the brand new arrearage owed on the obligation of the and work out repayments as a consequence of their Chapter 13 package. Typical post-petition, monthly premiums into the obligation were to be made to help you Appellee yourself. (Id. in the 6:1-5.) Appellants proceeded for a couple days pursuing the its processing while making its normal, post-petition, monthly obligations right to Appellee. “ (Part 13 Package, .) Appellee don’t object in order to Appellants‘ basic advised bundle.
Into , Appellants provided observe of your own proposed amendment of their Chapter thirteen package prior to confirmation. (Find Ex. P-3 so you’re able to Tr., Notice out of Mot. to possess Modification regarding Plan In advance of Confirmation.) Throughout the advised altered package, Appellants found so you can bifurcate Appellee’s allege amongst the secure and you may unsecured bit. (Select Ex. P-seven in order to Tr., Chapter 13 Bundle, [hereinafter Changed Chapter 13 Bundle].) In Changed Section thirteen Package, Appellants would be to pay Appellee its shielded amount. New unsecured percentage of Appellee’s claim was to be paid pro rata the rest of Appellants‘ unsecured financial institutions. Appellants‘ Modified Section 13 Package provided for an entire payment out of the responsibility owed because of the Appellants into the Lender off Danielsville and you may safeguarded of the their cellular domestic, together with automobile and pick up truck belonging to Bobby. Appellants‘ Changed Chapter 13 Bundle did not give you to Appellee’s security action try *922 to-be met or extinguished upon the conclusion out-of package money. (Id.) Appellee don’t target to Appellants‘ Altered Chapter 13 Bundle.
Towards , the fresh new case of bankruptcy courtroom inserted an order verifying Appellants‘ Altered Chapter thirteen Plan. (Ex. P-six in order to Tr., Acquisition Confirming Package.) Costs under the Part 13 bundle was basically done of the Appellants from inside the 2005. (Tr. 7:1-dos.) With the , the lending company regarding Danielsville released its protection need for Appellants‘ cellular home plus the almost every other collateral protecting its debt. On the , the new case of bankruptcy court joined your order giving Appellants‘ Section 13 discharge. A last decree was also joined, closure Appellants‘ Part thirteen situation. Pursuing the bill of its discharge, Appellants produced several needs off Appellee which draw the coverage action with the Appellants‘ real-estate came across. But not, Appellee rejected. (Id. at 7:3-8.) Appellants‘ Section thirteen instance is reopened of the order https://paydayloansconnecticut.com/noank/ of bankruptcy legal into , Appellants recorded a challenger continuing on the personal bankruptcy courtroom. (Id. within 7:8.)