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IN RE FAREED

No. 00 B 31765.

262 B.R. 761 (2001)

In re Marilyn FAREED, Debtor.

United States Bankruptcy Court, N.D. Illinois, Eastern Division.

May 31, 2001.

Attorney(s) appearing for the Case

Robert J. Adams, Robert J. Adams & Associates, Chicago, IL, for debtor.

Synde B. Keywell, Kristine E. Watson, Coston & Lichtman, Chicago, IL, for Creditor Household Automotive Finance Corporation.

MEMORANDUM OF OPINION

EUGENE R. WEDOFF, Bankruptcy Judge.

The dispute now before the court raises the recurring question of the proper procedure for valuing collateral in Chapter 13. In this case, a creditor filed a proof of claim asserting a particular collateral value, and, following plan confirmation, the debtor filed an objection to the proof of claim, asserting a lower value. The creditor has responded with a motion to dismiss the objection, contending...

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