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IN RE ANGEL

Bankruptcy No. 92-01473-13.

147 B.R. 48 (1992)

In re Gregory L. ANGEL, Debtor.

United States Bankruptcy Court, D. Idaho.

October 7, 1992.

Attorney(s) appearing for the Case

G.W. Haight, Coeur d'Alene, Idaho, for debtor.

Michael Paukert, Paine, Hamblen, Coffin, Brooke & Miller, Spokane, Wash., for Post Falls Mazda.

L.C. Spurgeon, Trustee.

ALFRED C. HAGAN, Chief Judge.

West One Bank, Idaho, N.A., filed an objection to the proposed Chapter 13 plan of Gregory Angel ("debtor"). The proposed plan values a 1991 Mazda B2600i pickup truck in which the Bank has a security interest at $6,075.00. Post Falls Mazda ("Mazda"), to whom the Bank has assigned its interest under a recourse contract, contends this valuation is too low, and argues Mazda is entitled to a retail valuation of $11,000.

At the hearing...

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