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In re Norred

In re Norred

Ruling
Creditor entitled to insurance proceeds from post-confirmation destruction of vehicle only to the extent of its security interest.
Procedural posture

Chapter 13 debtors filed a motion to allocate insurance proceeds resulting from the post-confirmation destruction of a vehicle in which a creditor held a secured claim.

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Consumer opinion summary, case decided on September 21, 2011 , LexisNexis #1211-026