Legal Opinion
In Re Ferguson
United States Bankruptcy Court, D. Idaho
Decided January 6, 1993No. 19-20142PublishedCited by 2 opinions
1Opinion of the Court
FINDINGS OF FACT AND CONCLUSIONS OF LAW ON VALUATION
ALFRED C. HAGAN, Chief Judge.
Ponderosa Enterprises, Inc. (“Pondero-sa”) objects to confirmation of the debtors’ Chapter 13 plan. Gary and Lori Ferguson (“debtors”) valued their 1988 Subaru GL-10 station wagon at $3,500.00 for the purposes of their Chapter 13 plan. Ponderosa, the assignee of the security interest in the vehicle, contends this value is too low.
Section 1325(a)(5)(B)(ii) requires that a Chapter 13 plan provide for a creditor to receive value at least equal to the amount of the creditor’s allowed secured claim. 1 The amount of an…
2Cases cited2 opinions
- 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 GoldnerUnited States Bankruptcy Court, D. Idaho · 1992
3Cited by2 opinions
- In Re ByingtonUnited States Bankruptcy Court, D. Kansas · 1996
- Matter of MaddoxUnited States Bankruptcy Court, D. New Jersey · 1996