Ford v. Ford Motor Credit Corp. (In re Ford)
Aug
03
2009
Ruling
Dent secured by "910 vehicle" including expense of retiring lien on trade-in was a purchase money security interest not subject to bifurcation.
Procedural posture
Appellants, debtors, had an outstanding debt to appellee motor credit company secured by their automobile. The Bankruptcy Court for the District of Kansas sustained the company's objection to the debtors' motion to bifurcate the automobile debt under 11 U.S.C.S. § 506(a) into secured and unsecured claims on the basis that debt bifurcation was impermissible under the "hanging paragraph" of 11 U.S.C.S. § 1325(a). The debtors appealed.
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Court
:
Judge or Jurisdiction information not available