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IN RE HOBBS

Bankruptcy No. 95-02972-PCT-RGM.

204 B.R. 994 (1997)

In re Gerald J. HOBBS, and Jacquelyn NMI Hobbs, Debtors. Gerald J. HOBBS and, Jacquelyn NMI Hobbs, Movants, v. GURLEY MOTOR COMPANY, Respondent.

United States Bankruptcy Court, D. Arizona.

February 4, 1997.

Attorney(s) appearing for the Case

Charles M. Sabo, Charles M. Sabo, P.C., Tempe, AZ, for Debtors.

Ronald J. Ellett, Law Offices of Ronald J. Ellett, P.C., Phoenix, AZ, for Gurley Motor Company.

Ralph McDonald, Chapter 13 Trustee, Phoenix, AZ.

AMENDED MEMORANDUM DECISION

SARAH SHARER CURLEY, Bankruptcy Judge.

I. INTRODUCTION

This matter comes before the Court on a Motion for Valuation of Security filed by Gerald and Jacquelyn Hobbs (the "Debtors") regarding their 1993 Mercury Tracer. The Debtors filed their motion on February 21, 1996. In May, 1996, Gurley Motor Company ("Gurley") and the Debtors filed a memorandum of points and authorities regarding the appropriate valuation standard...

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