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Citifinancial Auto v. Hernandez-Simpson

Citifinancial Auto v. Hernandez-Simpson

Ruling
Creditors permitted interest at Till rate on allowed claims secured by motor vehicles.
Procedural posture

Appellants, creditors with purchase money liens against appellees, debtors', vehicles challenged the bankruptcy court's confirmation of the debtors' plans over the creditors'objections. In each case, the vehicle was purchased within 910 days of the bankruptcy filing date. The bankruptcy court ruled that the creditors were not entitled to interest on their claims. The creditors'appeals from the confirmation orders were consolidated for appeal.

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opinion summary, case decided on May 17, 2007 , LexisNexis #0607-115