Legal Opinion
In re Solis
United States Bankruptcy Court, W.D. Texas
Decided April 15, 2016No. CASE NO. 15-11181-tmdPublished
1Opinion of the Court
MEMORANDUM OPINION
TONY M. DAVIS, UNITED STATES BANKRUPTCY JUDGE
The question before the Court is simple: What is the replacement value of the Debt- or’s 2008 Ford Explorer XLT?
I. Background
The Debtor seeks relief under chapter 13, the wage-earner’s reorganization statute. His schedules of assets and liabilities, which he swore to under oath, include a 2008 Ford Explorer XLT with an asserted value of $6,731. The Explorer secures debt of $12,774 owed to Ally Financial. The value of the Explorer matters because the Debtor’s chapter 13 plan, which was confirmed on March 28, 2016, will become…
2Cases cited19 opinions
- Raleigh v. Illinois Department of RevenueSupreme Court of the United States · 2000
- Associates Commercial Corp. v. RashSupreme Court of the United States · 1997
- In The Matter Of Fidelity Holding Company, Ltd.Court of Appeals for the Fifth Circuit · 1988
- Dana I. Kestenbaum v. Falstaff Brewing CorporationCourt of Appeals for the Fifth Circuit · 1975
- In Re Heritage Highgate, Inc.Court of Appeals for the Third Circuit · 2012
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