In re Scott

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.
Issue: 
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Consumer case opionion summary, case decided on September 27,2010, LexisNexis #1110-013