In Re Madison
United States Bankruptcy Court, E.D. Pennsylvania
1Opinion of the Court
OPINION
STEPHEN RASLAVICH, Bankruptcy Judge.
This matter comes before the Court upon the Complaint of the Debtor, Karen V. Madison (the (“Debtor”), to determine the value of a 1994 Honda Civic EX Coupe, which the Debtor owns subject to a purchase money security interest held by Midlantic Bank. At issue is what method of valuation should be utilized in a Chapter 13 proceeding to establish a creditor’s allowed security interest in an automobile. An evidentiary hearing was held on August 3,1995, and the question was taken under advisement.
Background
In February 1994, the Debtor purchased a 1994…
2Cases cited15 opinions
- United States v. Nordic Village, Inc.Supreme Court of the United States · 1992
- Patterson v. ShumateSupreme Court of the United States · 1992
- 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
- In Re Donald Allen Trimble, Debtor. Metrobank, Creditor/appellant v. Donald Allen Trimble, Debtor/appelleeCourt of Appeals for the Eighth Circuit · 1995
- Blakey v. Pierce (In Re Blakey)United States Bankruptcy Court, E.D. Pennsylvania · 1987
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- In Re ValentiCourt of Appeals for the Second Circuit · 1997
- In Re MaddoxDistrict Court, D. New Jersey · 1996
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