In Re Longbine

ORDER DENYING CONFIRMATION OF CHAPTER 13 PLAN AND SETTING DEADLINES AND OTHER SCHEDULING

WESLEY W. STEEN, Bankruptcy Judge.

The Debtor proposes to cram down a chapter 13 plan over the objection of a creditor with a lien on the Debtor’s motor vehicle. The dispute between the Debtor and the secured lender is whether the allowed secured claim should be determined by the value of the collateral on the bankruptcy petition date or on the date that the chapter 13 plan is confirmed. For reasons set forth below, the Court concludes that the bankruptcy petition date is the appropriate valuation date for…