Legal Opinion
In Re Tucker
United States Bankruptcy Court, W.D. Missouri
Decided August 31, 1993No. 18-21059PublishedCited by 3 opinions
1Opinion of the Court
ORDER ON DEBTOR’S MOTION TO REDEEM
ARTHUR B. FEDERMAN, Bankruptcy Judge.
Debtor has moved to redeem a 1988 Mercury Cougar, on which Ford Motor Credit Company holds a lien. At the hearing held on August 30, 1993, I found that such vehicle has a value of $4,650.00. The remaining issue is whether the redemption value must be paid in cash, as argued by Ford, or can instead be paid in installments. I hold that the redemption value must be paid in cash.
Section 722 of the Bankruptcy Code (11 U.S.C. § 722) provides as follows:
II U.S.C. § 722. Redemption
An individual debtor may, whether or not the…
2Cases cited5 opinions
- In Re Thomas Howard Bell and Margaret Louise Bell, Debtors. General Motors Acceptance Corporation v. Thomas Howard Bell and Margaret Louise BellCourt of Appeals for the Sixth Circuit · 1983
- In the Matter of Judy Emely Edwards, Also Known as Judy Emely Glass, Debtor-AppellantCourt of Appeals for the Seventh Circuit · 1990
- Montgomery Ward & Co. v. Hall (In Re Hall)United States Bankruptcy Court, W.D. Missouri · 1980
- Ford Motor Credit Co. v. Polk (In Re Polk)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1987
- Van Holt v. Commerce Bank of Bolivar (In Re Van Holt)United States Bankruptcy Court, W.D. Missouri · 1983
3Cited by3 opinions
- In Re MaytonUnited States Bankruptcy Appellate Panel for the Ninth Circuit · 1997
- In Re CookeUnited States Bankruptcy Court, W.D. Missouri · 1994
- Glenda Kaye JacksonUnited States Bankruptcy Court, W.D. Missouri · 2020