IN RE HALES

No. 11-20884.

493 B.R. 861 (2013)

In re David T. HALES and Wendy H. Hales, Debtors.

United States Bankruptcy Court, D. Utah.

June 19, 2013.


Attorney(s) appearing for the Case

John Bagley , Bagley Law, PC, Sandy, UT, for Debtors.

Mark Middlemas , Lundberg & Associates, Salt Lake City, UT, for Creditor.


MEMORANDUM DECISION ON DATE OF VALUATION OF VERNAL PROPERTIES

WILLIAM T. THURMAN, Bankruptcy Judge.

The issue presented to the Court is whether the date used in determining the value of real property should be the petition date or the plan confirmation date when the debtor proposes to retain the real property and "cram down" secured claims on the property for purposes of a chapter 11 plan of reorganization. The Court conducted a hearing on February 22, 2013...

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