- 11 U.S.C.
In re Scott
Sep
27
2010
Ruling
Value of used vehicle for cramdown purposes set at National Automobile Dealers Association Guide retail value less cost of repairs and reconditioning.
Procedural posture
This matter came before the court on debtor's chapter 13 petition, in contemplation of approval of debtor's Plan of Confirmation, together with objections interposed by a creditor. The principal issue before the court was how to calculate the replacement value of a used vehicle for cram down purposes, including the appropriate commercial valuation guides to be used.
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Court
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