Dominion Bank, N.A. v. Thayer (In Re Thayer)

MEMORANDUM OPINION

H. CLYDE PEARSON, Chief Judge.

The issue before the court is the valuation pursuant to 11 U.S.C. § 506 of creditor’s collateral for purposes of providing adequate protection payments in this Chapter 13 case pursuant to §§ 1322 and 1325.

The practical problem and hoped-for solution arising in this case deals essentially with the valuation of motor vehicles owned by debtors upon which creditors have valid liens and the determination of the secured claim of such creditor and provision for payment of that claim under the debtor’s Plan. The meeting of creditors provided under § 341…