Pierce v. Industrial Savings Co. (In Re Pierce)

MEMORANDUM OPINION

DAVID L. CRAWFORD, Bankruptcy Judge.

The debtor, Connie Pierce, brought this action to redeem an automobile pursuant to § 722 of the Bankruptcy Code. All necessary facts are stipulated except the value of the auto. The debtor believes the auto, a 1974 Plymouth Duster, to be worth $300, while the defendant believes that it is worth more than the amount still owing, stipulated to be $869.53.

At trial both parties offered evidence. The debtor listed a number of problems with the auto, some of which had existed at the date of filing her bankruptcy petition and some of which had…