§ 506(a)(1)

In re Peaslee

Debtor filed a chapter 13 plan. A creditor objected because it did not provide for its Secured Claim to be paid in full in accordance with the 11 U.S.C. § 1325(a)(9) Hanging Paragraph. The trustee filed a Motion which requested that the court, pursuant to 11 U.S.C. § 506(a)(1), determine that the creditor had an allowed secured claim for the $10,950 retail value of debtor's vehicle and an unsecured claim for the balance of the secured claim.
Ruling: 
Claim could be bifurcated where it included amounts not secured by purchase money security interest in motor vehicle.
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