ORDER AND OPINION
GEORGE L. PROCTOR, Bankruptcy Judge.
This cause comes before the Court on the motion for valuation of collateral filed by Charles Severance, a principal of the debtor. The collateral at issue, a truck, was repossessed by, offered for sale by, and ultimately purchased for $2,000 by Transport Acceptance Corporation. Severance has been, by virtue of his guarantee of the debts of Severance Truck Lines, at risk of being held liable in state...
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