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IN RE MORALES

No. 2:08-bk-11017 ER.

387 B.R. 36 (2008)

In re Luis A. MORALES, Debtor.

United States Bankruptcy Court, CD. California, Los Angeles Division.

May 8, 2008.

Attorney(s) appearing for the Case

Donny E. Brand, Brand & Spellman PC, Long Beach, CA, for Debtor.

Timothy J. Silverman, San Diego, CA, for Creditor HSBC.

Sam S. Leslie, Leslie, Engell & Associates LLP, Los Angeles, CA, Chapter 7 Trustee.

United States Trustee, Los Angeles, CA.

MEMORANDUM OF DECISION RE: VEHICLE VALUATION UNDER 11 U.S.C. § 506(a)(2)

ERNEST M. ROBLES, Bankruptcy Judge.

This case requires the Court to determine the appropriate method for calculating the replacement value of a vehicle under the retail value standard of the second sentence of 11 U.S.C. § 506(a)(2). For the reasons discussed infra in Part III, the Court concludes that, absent unusual circumstances, the retail value for vehicles under...

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