In re Watson
Sep
27
2007
Ruling
Inclusion of trade-in negative equity in car loan did not defeat creditor's purchase money security interest or allow 506(a) valuation.
Procedural posture
Debtor, an individual who filed a chapter 13, asked the court to value the collateral of claimant, a creditor who had financed a new car that had been purchased by debtor within 910 days prior to the date on which the chapter 13 was filed.
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Court
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