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Home / Opinion Digests / Bankruptcy – Car Loan – ‘Hanging Paragraph’ – Ch. 13 (access required)

Bankruptcy – Car Loan – ‘Hanging Paragraph’ – Ch. 13 (access required)

A district court erred in holding that Wells Fargo Financial Acceptance, a creditor on a consumer car loan, had a purchase money security interest for the part of its claim that did not relate to the debtors’ negative equity and gap insurance, the 4th Circuit says. This appeal involves the application of the "hanging paragraph" in ...

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