When a debt is declared nondischargeable, the amount of the nondischargeable debt is determined by the fair market value of the collateral at the time of conversion.In re Penney, 76 B.R. 160, 162 (Bankr.N.D.Cal. 1987); Matter of McCune, 82 B.R. 510, 515 (Bankr.W.D.Mo. 1987); In re Nielson, 97 B.R. 269, 274 (Bankr.W.D.N.C. 1989); and In re Sain, 101 B.R. 30, 32 (Bankr.C.D.Ill. 1988). Judgment will be entered in Sear's favor in the amount of $565.00. Plaintiff's counsel may prepare an appropriate form of judgment.
The case law regarding the meaning of "willful" and "malicious" in the context of § 523(a)(6) is well-settled, and has previously been discussed by this court. See United States v. Nielson ( In re Nielson), 97 B.R. 269 (Bkrtcy.W.D.N.C. 1989). The word "willful" simply means to act in a deliberate or intentional manner.