Repossessions: 8.2.7.9 Valuing Collateral to Determine Creditor’s Protection and Debtor’s Equity
Although the party seeking to lift the stay has the initial burden on the question of equity, it will normally be necessary to have evidence ready to rebut that party’s proof of the value of the property. The value of collateral is important to determine how adequately the creditor is protected, as well as the debtor’s equity.143