Matter of Harvey

ORDER DENYING APPLICATION FOR DETERMINATION OF SECURED STATUS UNDER SEC. 506

ALEXANDER L. PASKAY, Bankruptcy Judge.

THIS CAUSE came on for hearing with due notice to all parties of interest, upon an Application for Determination of Secured Status, filed by Household Finance Company. The Application was filed pursuant to Sec. 506 of the Code and ostensibly seeks a determination and allowance of a secured claim to the extent of the value of such creditor’s interest in its collateral and to the extent that the value of such creditor’s interest in its collateral is less than the amount of .such…