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Home / Opinion Digests / Bankruptcy – Plan Confirmation – Ch. 13 – Auto Purchase – ‘Hanging Paragraph’ (access required)

Bankruptcy – Plan Confirmation – Ch. 13 – Auto Purchase – ‘Hanging Paragraph’ (access required)

In these appeals of decisions on proposed Chapter 13 plans that cover vehicle transactions that include “negative equity” and such extra expenses as extended warranties, insurance and registration, and titling and licensing fees, the Richmond U.S. District Court holds that the creditors maintain a purchase money security interest in the “negative equity” but not in ...

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