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	<title>WWR Bankruptcy &#62; Your Bankruptcy News &#38; Information Source &#187; 11th Circuit Court of Appeal</title>
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	<description>WW&#38;R Bankruptcy practice group of Weltman, Weinberg &#38; Reis, the nation&#039;s largest creditor&#039;s rights law firm, is your source for bankruptcy news and information. We are committed to helping clients thrive in these ever changing times.</description>
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		<title>Can A Debtor Cram Down Negative Equity Financed Through A Newly Purchased Vehicle?</title>
		<link>http://wwrbankruptcy.com/2009/07/13/can-a-debtor-cram-down-negative-equity-financed-through-a-newly-purchased-vehicle/</link>
		<comments>http://wwrbankruptcy.com/2009/07/13/can-a-debtor-cram-down-negative-equity-financed-through-a-newly-purchased-vehicle/#comments</comments>
		<pubDate>Mon, 13 Jul 2009 20:05:01 +0000</pubDate>
		<dc:creator>David Yunghans</dc:creator>
				<category><![CDATA[Motor Vehicle]]></category>
		<category><![CDATA[11th Circuit Court of Appeal]]></category>
		<category><![CDATA[2nd Circuit Court of Appeal]]></category>
		<category><![CDATA[4th Circuit Court of Appeal]]></category>
		<category><![CDATA[6th Circuit Court of Appeal]]></category>
		<category><![CDATA[910-day rule]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[cram down]]></category>
		<category><![CDATA[dual-status rule]]></category>
		<category><![CDATA[fair market value]]></category>
		<category><![CDATA[negative equity]]></category>
		<category><![CDATA[purchase money]]></category>
		<category><![CDATA[purchase money security interest]]></category>
		<category><![CDATA[replacement value]]></category>
		<category><![CDATA[transformation rule]]></category>
		<category><![CDATA[vehicle]]></category>

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		<description><![CDATA[Negative equity is created when a debtor owes more on a trade-in than the actual value of the trade-in.  This negative equity is then rolled into the purchase of the new vehicle.  Under the 910-day rule, debtors cannot cram down a purchase money security interest in a motor vehicle acquired for the personal use of [...]]]></description>
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