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MATTER OF McCUTCHEN

Bankruptcy No. 98-43392-WS.

224 B.R. 373 (1998)

In the Matter of Sonya R. McCUTCHEN, Debtor.

United States Bankruptcy Court, E.D. Michigan, Southern Division.

May 12, 1998.

Attorney(s) appearing for the Case

Charles J. Schneider, Livonia, MI, for Debtor.

Richard A. Green, Bingham Farms, MI, for Consumer Portfolio Services.

OPINION RELATING TO VALUE OF AUTOMOBILE

WALTER SHAPERO, Bankruptcy Judge.

In her Chapter 13 Plan, the Debtor proposes to retain possession and use of a 1995 Plymouth Neon Four Door Sedan automobile, the value of which she proposes to cram down to $4,000—a value which the secured party contested at the confirmation hearing. The parties agreed to submit the valuation of this vehicle for decision on the basis...

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