In Re Gonch
United States Bankruptcy Court, N.D. New York
1Opinion of the Court
MEMORANDUM-DECISION AND ORDER
ROBERT E. LITTLEFIELD, JR., Chief Judge.
Currently before the court is the objection by creditor General Motors Acceptance Corporation (“GMAC”) to confirmation of the Chapter 13 plan filed by Jonathan and Jennifer Gonch (“Debtors”). At issue is the appropriate measure of the value of a motor vehicle for purposes of the § 1325(a)(5)(B)(ii) cram- down provision. 1 The court conducted a valuation hearing on August 17, 2009. Having heard sworn testimony and arguments of counsel and having considered the parties’ pleadings and submissions in this proceeding, the court…
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