- 11 U.S.C.
Kasbee v. Huntington Natl Bank (In re Kasbee)
Jul
30
2010
Ruling
Creditor not estopped from revising property valuation originally based on faulty appraisal.
Procedural posture
Plaintiffs, Chapter 12 debtors, brought an adversary complaint against defendant creditor bank, asserting that, under 11 U.S.C.S. § 506, the secured portion of the creditor's claim should be limited to $169,000, the value initially placed on the debtors' farm, and that the balance of the debt was unsecured. The debtors moved for summary judgment. The creditor opposed the motion.
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Court
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