Legal Opinion
In Re McElroy
United States Bankruptcy Court, C.D. Illinois
Decided March 9, 2006No. 05-78139PublishedCited by 5 opinions
1Opinion of the Court
OPINION
MARY P. GORMAN, Bankruptcy Judge.
The issue before the Court is the valuation of two vehicles — a 2003 Ford F150 Flareside Supercab XLT pickup and a 2002 Ford Explorer Limited V6 — for purposes of cramdown in a Chapter 13 plan. Cramdown is the bankruptcy procedure which allows a debtor to keep collateral and pay the present value of the allowed secured claim over the life of the plan. 1 11 U.S.C. § 506(a); § 1325(a)(5).
The Debtors, Robert and Barbara McElroy, filed a petition pursuant to Chapter 13 of the Bankruptcy Code on October 16, 2005. The Debtors’ Chapter 13 Plan valued a 2003…
2Cases cited15 opinions
- Associates Commercial Corp. v. RashSupreme Court of the United States · 1997
- Palmacci v. UmpierrezCourt of Appeals for the First Circuit · 1997
- In Re GonzalezUnited States Bankruptcy Court, N.D. Illinois · 2003
- In Re GlueckUnited States Bankruptcy Court, S.D. Ohio · 1998
- First Merit N.A. v. Getz (In Re Getz)Bankruptcy Appellate Panel of the Sixth Circuit · 2000
10 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- In Re TrejosUnited States Bankruptcy Court, D. Nevada · 2006
- Sovereign Bank, F.S.B. v. Finnegan (In Re Finnegan)United States Bankruptcy Court, M.D. Pennsylvania · 2006
- In Re HenryUnited States Bankruptcy Court, E.D. Pennsylvania · 2011
- In re SolisUnited States Bankruptcy Court, W.D. Texas · 2016
- Matthew H CallierUnited States Bankruptcy Court, S.D. Georgia · 2023