Legal Opinion
Arnette v. General Motors Acceptance Corp. (In Re Arnette)
United States Bankruptcy Court, D. Connecticut
Decided July 26, 1993No. 19-30123PublishedCited by 15 opinions
1Opinion of the Court
MEMORANDUM AND ORDER ON MOTION FOR DETERMINATION OF SECURED STATUS UNDER 11 U.S.C. § 506(a)
ALAN H.W. SHIFF, Bankruptcy Judge.
On July 6, 1992, the chapter 13 debtors filed the instant motion under 11 U.S.C.A. § 506(a) (West 1993) to determine the value of their 1988 Chevrolet S-10 Blazer which is collateral for a claim held by General Motors Acceptance Corporation (“GMAC”). See Rule 3012 Fed.R.Bankr.P. For the reasons that follow, I conclude that the vehicle must be assessed at its fair market value, i.e. the price the debtors could get for it in a free and open market, and that GMAC’s allowed…
2Cases cited11 opinions
- United States v. Ron Pair Enterprises, Inc.Supreme Court of the United States · 1989
- United Sav. Assn. of Tex. v. Timbers of Inwood Forest Associates, Ltd.Supreme Court of the United States · 1988
- Nobelman v. American Savings BankSupreme Court of the United States · 1993
- Matter of CrockettUnited States Bankruptcy Court, N.D. Illinois · 1980
- In Re KleinUnited States Bankruptcy Court, E.D. New York · 1981
6 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- In Re Winthrop Old Farm Nurseries, Inc., Debtor. Winthrop Old Farm Nurseries, Inc. v. New Bedford Institution for SavingsCourt of Appeals for the First Circuit · 1995
- In Re KennedyUnited States Bankruptcy Court, S.D. Alabama · 1995
- In the Matter Of: Elray RASH and Jean Rash, Debtors. ASSOCIATES COMMERCIAL CORPORATION, Appellant, v. Elray RASH and Jean Rash, AppelleesCourt of Appeals for the Fifth Circuit · 1995
- Wood v. La Bank (In Re Wood)United States Bankruptcy Court, M.D. Pennsylvania · 1996
- General Motors Acceptance Corp. v. Valenti (In re Valenti)Court of Appeals for the Second Circuit · 1997
10 more not listed; retrieve them via the Exa API.