HSBC Bank USA v. UAL Corp. (In Re UAL Corp.)

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that location is an “essential attribute of real estate,” that a proper comparable “should provide all of the locational advantages of the subject property” and that Rash suggests that “like property should be as much like the collateral as possible”
• noting that Rash “dealt with fungible property” and that “[w]ith this sort of fungibility, valuing ‘like property’ is a relatively straightforward fact-finding endeavor” in contrast to non-fungible property, where there is not a readily accessible market price
• “Upon surrender under Pre-BAPC-PA § 1325(a)(5)(C), liquidation value was clearly the yardstick by which the allowed secured claim was determined, while, for cramdown purposes under Pre-BAPCPA § 1325(a)(5)(B
• replacement value should depend on the nature of the property and the markets available to the particular debtor; because the property at issue was not fungible, a generic wholesale valuation was inappropriate

Source: CourtListener parenthetical corpus (CC0).