Valuing a Secured Claim: Who Knew That Retail Price Could Be So Elusive

Bankruptcy-RealEstate-Insights

21st Mortgage Corp. v. Glenn (In re Glenn), 900 F.3d 187 (5th Cir. 2018) –

In valuing a mobile home for purposes of determining the amount of a secured claim for a chapter 13 plan, the bankruptcy court declined to include delivery and setup costs. The district court affirmed, and the mortgagee appealed to the Fifth Circuit.

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