Bankruptcy Court Erred in Undervaluing Appellant's Collateral
Debtors Peter and Un Kim filed a Chapter 13 bankruptcy plan treating appellant Ardmor Vending Co. dba Great Northern as partially secured ($34,000) and the Ardmor Profit Sharing Plan as wholly unsecured.
Ardmor Vending v. Kim
At issue is the method of valuation of appellants' collateral, given their security interests in both the equipment and the lease of the Kims' dry cleaning business.