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How is the Value of an Automobile determined if you want to Redeem your Auto in a Chapter 7 or “Cram it Down” in a Chapter 13 Bankruptcy?

Under the Bankruptcy Code, the value of personal property is determined under ยง 506(a)(2) which provides: If the debtor is an individual in a case under chapter 7 or 13, such value with respect to personal property securing an allowed claim shall be determined based on the replacement value of such property as of the…