Legal Opinion

In Re Adams

United States Bankruptcy Court, M.D. Florida

Decided January 25, 1980No. Bankruptcy 79-666-BK-J-GPPublishedCited by 46 opinions

1Opinion of the Court

ORDER VALUING SECURITY

GEORGE L. PROCTOR, Bankruptcy Judge.

Creditors, Florida Telco Credit Union, pursuant to Section 506 of the Bankruptcy Code, has filed a motion seeking valuation of its security interest in debtors’ property.

A valuation hearing was held on January 17, 1980. Debtor testified as to the condition of the property, a 1979 Pontiac Fire-bird. Creditor presented Mr. Richard Brin-son as an expert witness in auto evaluation and Mr. Brinson’s qualifications were accepted by the court. He testified that, on the date of the hearing, the automobile had a wholesale value of between…

2Cases cited1 opinion

  1. In the Matter of Pennyrich International, Inc. Of Dallas, Bankrupt. Lane Industries, Inc., D/B/A Century Studios v. Harold C. Abramson, TrusteeCourt of Appeals for the Fifth Circuit · 1973

3Cited by46 opinions

  1. In Re KleinUnited States Bankruptcy Court, E.D. New York · 1981
  2. In Re George Ruggiere Chrysler-Plymouth, Inc.Court of Appeals for the Eleventh Circuit · 1984
  3. Virginia National Bank v. Jones (In Re Jones)United States Bankruptcy Court, E.D. Virginia · 1980
  4. Cohen v. Werner (In Re Cohen)United States Bankruptcy Court, E.D. New York · 1981
  5. In the Matter of Elray and Jean Rash, Debtor. Associates Commercial Corporation v. Elray Rash and Jean E. RashCourt of Appeals for the Fifth Circuit · 1996

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