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Home / Opinion Digests / Bankruptcy – Automatic Stay Relief – Vehicle Loan (access required)

Bankruptcy – Automatic Stay Relief – Vehicle Loan (access required)

A bank is granted relief by the Alexandria U.S. Bankruptcy Court from a Chapter 7 debtor’s automatic stay in bankruptcy to allow the bank to repossess a 2007 Chevrolet Tahoe purchased by the debtor several months before she filed her bankruptcy petition. The bank’s motion for relief alleged payment defaults of $8,369 and a current payoff ...