In re Crawford
Oct
28
2008
Ruling
Percentage of claim representing purchase money security interest in "910 vehicle" exclusive of negative equity was protected from modification by hanging paragraph.
Procedural posture
A creditor objected, pursuant to 11 U.S.C.S. § 1325(a) (hanging paragraph referencing paragraph 5), to confirmation of a debtor's chapter 13 bankruptcy plan on the ground that it proposed to strip down the secured claim to the value of the car purchased by the debtor.
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Court
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