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MATTER OF ARPAIA

Bankruptcy No. 2-91-03931.

143 B.R. 587 (1992)

In the Matter of Nicholas E. ARPAIA, III, Debtor.

United States Bankruptcy Court, D. Connecticut.

August 10, 1992.

Attorney(s) appearing for the Case

Brian E. Lambeck, Law Offices of Edward D. Jacobs, New Haven, Conn., for debtor.

Leah Cohen Chatinover, F.D.I.C., East Hartford, Conn., for Receiver for Colony Sav. Bank, respondent.

Beth S. Becker, Green & Kleinman, P.C., Hartford, Conn., for Fleet Bank, N.A., respondent.

MEMORANDUM OF DECISION ON MOTION TO DETERMINE VALUE OF SECURITY

ROBERT L. KRECHEVSKY, Chief Judge.

I.

Issue

At issue in this proceeding, commenced by a Fed.R.Bankr.P. 3012 motion,1 is the standard for determining value of property where the purpose of the valuation is to decide the extent of a "strip down"2 of secured creditors...

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