Associates Commercial Corporation v. Elray Rash et Ux.
Decided June 16, 1997. Ruth Bader Ginsburg delivered the opinion of the Court.
Docket 96-454 · 520 U.S. 953 (1997) · Cited 471 times
Holding
Under § 506(a), the value of property retained because the debtor has exercised Chapter 13’s “cram down” option is the cost the debtor would incur to obtain a like asset for the same proposed use.
The Court’s statement of the holding, from the opinion’s syllabus. The syllabus is prepared by the Reporter of Decisions and is not part of the opinion of the Court — read the official opinion for authority.
How the Justices voted
Decided 8–1.
Majority · 8
Dissenting · 1
- John Paul Stevens · filed a dissenting opinion
“Concurring” means agreeing with the outcome; any split shown is the Court’s judgment, not each Justice’s reasoning. Source: the Supreme Court Database (Spaeth et al.), Washington University.
Precedents cited
Supreme Court decisions this opinion relies on, ordered by how often it cites each. Cases in our collection link through; others are named.
- United States v. Ron Pair Enterprises, Inc. · 489 U.S. 235 (1989)
- BFP v. Resolution Trust Corporation · 511 U.S. 531 (1994)
Cited by
Later Supreme Court opinions in our collection that cite this case.
- Till v. SCS Credit Corp. · 541 U.S. 465 (2004)
Official text
Read the official opinion (U.S. Reports, govinfo.gov)
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Source: Supreme Court of the United States, slip opinions (1997). Citation count from the Free Law Project’s CourtListener bulk data. Data last verified 2026-07-03. Informational only; verify against the primary source before relying. Not a consumer report (FCRA).