Till v. SCS Credit Corp.
Supreme Court of the United States
Argued December 2, 2003 Decided May 17, 2004
Full case name	Till et ux. v. SCS Credit Corp.
Citations	541 U.S. 465 (more) 124 S. Ct. 1951; 158 L. Ed. 2d 787; 2004 U.S. LEXIS 3385
Court membership
Chief Justice William Rehnquist Associate Justices John P. Stevens · Sandra Day O'Connor Antonin Scalia · Anthony Kennedy David Souter · Clarence Thomas Ruth Bader Ginsburg · Stephen Breyer
Case opinions
Plurality	Stevens, joined by Souter, Ginsburg, Breyer
Concurrence	Thomas (in judgment)
Dissent	Scalia, joined by Rehnquist, O'Connor, Kennedy

Till v. SCS Credit Corp., 541 U.S. 465 (2004), was a decision by the United States Supreme Court regarding a cramdown in the value of a loan during a Chapter 13 bankruptcy.

The "decision that had no majority opinion, four justices held that the proper rate was the 9.5 percent one arrived at by modifying the average national loan rate to make up for the increased risk of non-payment. While this would not give the creditors the same amount of money that they might have gotten had they seized the collateral for the loan, it nevertheless met the statutory requirement that the repayments equal the "total present value." Justice Clarence Thomas, in a separate opinion that provided the fifth vote needed for judgment, found that the 9.5 percent rate was acceptable, but that it could be even lower because the Bankruptcy Code did not require the judge to accommodate for the risk of non-payment."^[1]

• List of United States Supreme Court cases, volume 541
• List of United States Supreme Court cases

• Text of Till v. SCS Credit Corp., 541 U.S. 465 (2004) is available from: Cornell CourtListener Google Scholar Justia Library of Congress Oyez (oral argument audio)

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