Legal Opinion
In Re Horrobin
United States Bankruptcy Court, M.D. Louisiana
Decided August 4, 2008No. 07-11738PublishedCited by 1 opinion
1Opinion of the Court
MEMORANDUM OPINION
DOUGLAS D. DODD, Bankruptcy Judge.
Wells Fargo Financial Louisiana, Inc. (“Wells Fargo”) objects to confirmation of the debtor’s chapter 13 plan based upon the treatment of its claim. For the reasons stated in this Memorandum Opinion, the court sustains the objection.
FACTS
The debtor’s proposed amended chapter 13 plan surrenders a 2007 GMC Yukon to Wells Fargo in full satisfaction of its claim. According to Wells Fargo, the NADA value of the vehicle is $32,925; the value assigned by the debtor in his schedules is $32,000. Wells Fargo holds a claim in the amount of $53,256.71.
Ac…
2Cases cited8 opinions
- Butner v. United StatesSupreme Court of the United States · 1979
- In Re WrightCourt of Appeals for the Seventh Circuit · 2007
- AmeriCredit Financial Services, Inc. v. LongCourt of Appeals for the Sixth Circuit · 2008
- Capital One Auto Finance v. OsbornCourt of Appeals for the Eighth Circuit · 2008
- Tidewater Finance Co. v. KenneyCourt of Appeals for the Fourth Circuit · 2008
3 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- In Re AdamsUnited States Bankruptcy Court, E.D. Louisiana · 2009