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Legal Opinion

In Re Scott

United States Bankruptcy Court, N.D. Illinois

Decided May 24, 2000No. 19-05551PublishedCited by 9 opinions

1Opinion of the Court

MEMORANDUM OF OPINION

EUGENE R. WEDOFF, Bankruptcy Judge.

This Chapter 13 case is before the court on a creditor’s objection to confirmation, raising the recurring question of the rate of interest that must be paid on a secured claim being “crammed down” pursuant to § 1325(a)(5)(B)(ii) of the Bankruptcy Code (Title 11, U.S.C.). As discussed below, secured automobile loans crammed down in a Chapter 13 case ordinarily do not require interest payments at greater than the prime rate in effect on the date of confirmation of the debtor’s plan. Since the debtor’s plan provides for payment of the…

2Cases cited18 opinions

  1. Associates Commercial Corp. v. RashSupreme Court of the United States · 1997
  2. General Motors Acceptance Corporation v. Alphonso Jones, Debtor, Robert M. Wood, TrusteeCourt of Appeals for the Third Circuit · 1993
  3. In Re Joseph and Sandra Schaitz, Debtors. Appeal of Gwenn L. Webb and Colton WebbCourt of Appeals for the Seventh Circuit · 1990
  4. In Re Clarence L. (i.o.) Hardzog Katy Lou Hardzog, Debtors. Clarence L. (i.o.) Hardzog Katy Lou Hardzog v. The Federal Land Bank of WichitaCourt of Appeals for the Tenth Circuit · 1990
  5. United Carolina Bank v. Loretta A. Degolier HallCourt of Appeals for the Fourth Circuit · 1993

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3Cited by9 opinions

  1. In Re FareedUnited States Bankruptcy Court, N.D. Illinois · 2001
  2. In Re BivensUnited States Bankruptcy Court, N.D. Illinois · 2005
  3. Evabank v. BaxterDistrict Court, N.D. Alabama · 2002
  4. In Re MarquezUnited States Bankruptcy Court, D. Arizona · 2001
  5. In Re PokrzywinskiUnited States Bankruptcy Court, E.D. Wisconsin · 2004

4 more not listed; retrieve them via the Exa API.

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