MATTER OF MADDOX

Bankruptcy No. 95-16118.

194 B.R. 762 (1996)

In the Matter of Ethel Y. MADDOX, Debtor.

United States Bankruptcy Court, D. New Jersey.

April 18, 1996.


Attorney(s) appearing for the Case

Andrew Vazquez-Schroedinger, David Paul Daniels, P.C., Camden, New Jersey, for Debtor.

Hillary Veldhuis, David R. Lyons, Lyons & Doughty, P.C., Voorhees, New Jersey, for Chrysler Financial Corporation.


OPINION ON DEBTOR'S MOTION TO REDUCE PROOF OF CLAIM

JUDITH H. WIZMUR, Bankruptcy Judge.

At issue here is the valuation of an automobile owned by the debtor, Ethel Y. Maddox. Chrysler Financial Corporation holds a security interest in the vehicle, and is undersecured. The purpose of the valuation is to determine the amount of Chrysler's allowed secured claim that will be paid through debtor's Chapter 13 cram down plan.

FACTS

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