Mary Ruth King

UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF COLUMBIA
In re
MARY RUTH KING,
Debtor.
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Case No. 07-00685
(Chapter 7)
Not for Publication in
West’s Bankruptcy Reporter
MEMORANDUM DECISION AND ORDER
DISAPPROVING REAFFIRMATION AGREEMENT
On March 20, 2008, the debtor filed a reaffirmation
agreement with USA Discounters Credit Corp. 	The agreement
provides that the debtor has agreed to reaffirm $14,000 of debt.
The reaffirmation agreement relates to various items of equipment
and furniture that the debtor purchased, including a 50" plasma
television for $5,000.00, a computer for $1,999.00, a projection
HDTV for $4,499.00, and various bedroom and dining room
furniture, for an aggregate purchase price of $22,106.00. 	(The
reaffirmation agreement includes a list of items, and the
$22,106.00 figure is for those that are not marked “returned” or
“never got.”) The property, which the debtor has owned for
various numbers of years, is not worth $14,000.00. 	The debtor,
whose finances are strapped, has insufficient income to make the
The order below is hereby signed.
Signed: April 16, 2008.
_____________________________
S. Martin Teel, Jr.
United States Bankruptcy Judge
Case 07-00685 Doc 32 Filed 04/16/08 Entered 04/16/08 14:16:24 Desc Main
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monthly payment called for by the reaffirmation agreement, and a
50" plasma television and a projection HDTV are luxury items that
the debtor can ill afford. 	Moreover, the creditor would have to
incur substantial expenses in retrieving, storing, and selling
the property, and would only lose money if it were to insist on a
reaffirmation agreement for the full replacement value of the
property instead of agreeing to reaffirmation at a lower sum that
still lets it come out ahead of what would occur on a
repossession. 	For all of these reasons, the reaffirmation
agreement is not in the best interests of the debtor, and imposes
an undue hardship on the debtor. 	It is accordingly
ORDERED that the reaffirmation agreement between the debtor
and USA Discounters Credit Corp. is DISAPPROVED.
[Signed and dated above.]
Copies to: Debtor; USA Discounters Credit Corp., 3320 Holland
Road, Virginia Beach, VA 23452 Attention: Robert S. Perry,
Counsel
Case 07-00685 Doc 32 Filed 04/16/08 Entered 04/16/08 14:16:24 Desc Main
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