In Re Donald Allen Trimble, Debtor. Metrobank, Creditor/appellant v. Donald Allen Trimble, Debtor/appellee
Court of Appeals for the Eighth Circuit
1Opinion of the Court
ROSS, Senior Circuit Judge.
Appellant/creditor Metrobank appeals from the district court decision that, pursuant to 11 U.S.C. § 506(a) of the Bankruptcy Code, the value of the bank’s secured interest in an encumbered vehicle that the appel-lee/debtor intends to retain under his chapter 13 reorganization plan is limited to the wholesale value of the vehicle. We reverse.
I
Appellee/debtor Donald Allen Trimble secured financing through appellant/creditor Metrobank, for the purchase of a 1988 Ford Ranger pickup. Subsequently, the debtor filed for relief under chapter 13 of the Bankruptcy Code. The…
2Cases cited6 opinions
- In Re George H. Mitchell Carol J. Mitchell, Debtors. General Motors Acceptance Corporation v. George H. Mitchell Carol J. MitchellCourt of Appeals for the Ninth Circuit · 1992
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- Overholt v. Farm Credit Services (In Re Overholt)District Court, S.D. Ohio · 1990
- In Re GreenUnited States Bankruptcy Court, D. Minnesota · 1993
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