Improper valuation evidence dooms car redemption bid (Bkrtcy.C.D.Ill.) | Secondary Sources | Westlaw

Improper valuation evidence dooms car redemption bid (Bkrtcy.C.D.Ill.) | Secondary Sources | Westlaw

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Improper valuation evidence dooms car redemption bid (Bkrtcy.C.D.Ill.)

2014 BKRDBRF 4052By Aaron RolloffWESTLAW Bankruptcy Daily Briefing (Approx. 2 pages)

Improper valuation evidence dooms car redemption bid (Bkrtcy.C.D.Ill.)

2014 BKRDBRF 4052By Aaron RolloffWESTLAW Bankruptcy Daily Briefing (Approx. 2 pages)

Improper valuation evidence dooms car redemption bid (Bkrtcy.C.D.Ill.)

(May 15, 2014) - A pair of Chapter 7 debtors who provided evidence only of their car's trade-in value, as opposed to its retail replacement value, are not entitled to redeem the vehicle, an Illinois bankruptcy judge has ruled.
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