Opinion
Case # 07-10820.
August 11, 2008
David W. Lynch, Esq., Colchester, Vt., For the Debtor.
Gail E. Westgate, Esq., Primmer Piper Eggleston Cramer, Burlington, Vt., For the Creditor.
AMENDED ORDER DETERMINING VALUE OF COLLATERAL AND SETTING DATES FOR THE FILING OF AN AMENDED PLAN AND THE CONTINUED CONFIRMATION HEARING
This Order is amended solely to correct the valuation figure to reflect inclusion of the concrete slab that was inadver-tently omitted from the calculation in the Oder dated August 8, 2008; and to extend the due date of the Amended Plan by one day (in recognition of this change).
For the reasons set forth in the Amended Memorandum of Decision of even date,
IT IS HEREBY ORDERED that the value of the collateral securing the claim of Opportunities Credit Union (the "Creditor") is forty-seven thousand two hundred forty-seven dollars ($47,247);
IT IS FURTHER ORDERED that, pursuant to 11 U.S.C. § 506(a)(1), the Creditor holds a secured claim in the amount of $47,247 and the balance of its claim is unsecured for purposes of this bankruptcy case;
IT IS FURTHER ORDERED that the Debtor shall file an Amended Plan consistent with the determinations made in the Amended Memorandum of Decision dated August 11, 2008 and with 11 U.S.C. §§ 1322, 1325(a)(5), by August 15, 2008; and
IT IS FURTHER ORDERED that the confirmation hearing is continued until September 4, 2008 at 2:30 P.M. in Burlington, Vermont.