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§ 1325(a)(5)(B)(iii)

In re Bufford

Ruling
Court ordered plan be amended to apply Till interest rate so that plan provided required adequate protection.
Procedural posture

Creditor, whose purchase money debt was secured by a motor vehicle, amended its claim to include an interest rate of 17.9 percent as provided in its loan agreement with the debtor. Debtor's plan proposed a lesser rate of interest, and the court considered whether and how the adequate protection requirement in 11 U.S.C. § 1325(a)(5)(B)(iii), as amended by the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 ("BAPCPA") applied.

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opinion summary, case decided on June 13, 2006 , LexisNexis #0706-048