In re Good

One of several co-debtors objected to the claim of a secured creditor, and the creditor argued that the co-debtor was barred from objecting to its claim on the basis that it was undersecured. The secured creditor asserted that its claim as of February 19, 2009, was $ 9,584,829.95, but the co-debtor sought to value the secured claim as of the effective date as no more than $ 3,800,000, based on a new appraisal dated June, 2009.