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	<title>WWR Bankruptcy &#62; Your Bankruptcy News &#38; Information Source &#187; negative equity</title>
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	<description>WW&#38;R Bankruptcy practice group of Weltman, Weinberg &#38; Reis, the nation's largest creditor'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>Sixth Circuit Rules That Negative Equity Is Purchase Money</title>
		<link>http://wwrbankruptcy.com/2010/03/26/sixth-circuit-rules-that-negative-equity-is-purchase-money/</link>
		<comments>http://wwrbankruptcy.com/2010/03/26/sixth-circuit-rules-that-negative-equity-is-purchase-money/#comments</comments>
		<pubDate>Fri, 26 Mar 2010 17:00:19 +0000</pubDate>
		<dc:creator>David Yunghans</dc:creator>
				<category><![CDATA[Chapter 13]]></category>
		<category><![CDATA[Motor Vehicle]]></category>
		<category><![CDATA[6th Circuit Court]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[cramdown]]></category>
		<category><![CDATA[negative equity]]></category>
		<category><![CDATA[purchase money]]></category>
		<category><![CDATA[Sixth Circuit Court]]></category>

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		<description><![CDATA[On March 24, 2010 the Sixth Circuit Court of appeals which covers Ohio, Michigan, Kentucky, and Tennessee, in line with a recent decision in the Seventh and past decisions of the Second, Fourth, Fifth, Tenth, and Eleventh Circuit Courts of Appeal, ruled that negative equity is purchase money and cannot be crammed down through bankruptcy [...]]]></description>
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		<title>10th Circuit Court of Appeals Rules Negative Equity is Purchase Money</title>
		<link>http://wwrbankruptcy.com/2009/08/24/10th-circuit-court-of-appeals-rules-negative-equity-is-purchase-money/</link>
		<comments>http://wwrbankruptcy.com/2009/08/24/10th-circuit-court-of-appeals-rules-negative-equity-is-purchase-money/#comments</comments>
		<pubDate>Mon, 24 Aug 2009 19:14:37 +0000</pubDate>
		<dc:creator>David Yunghans</dc:creator>
				<category><![CDATA[Bankruptcy Act 2009]]></category>
		<category><![CDATA[Motor Vehicle]]></category>
		<category><![CDATA[10th Circuit Court of Appeals]]></category>
		<category><![CDATA[910-day rule]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[cram down]]></category>
		<category><![CDATA[negative equity]]></category>
		<category><![CDATA[purchase money security interest]]></category>
		<category><![CDATA[secured claim]]></category>
		<category><![CDATA[vehicle]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=235</guid>
		<description><![CDATA[Under Bankruptcy law, a debtor cannot cram down a secured claim when the creditor has a purchase money security interest in a motor vehicle acquired for the debtor’s personal use within 910 days of a debtor’s bankruptcy filing.  In some vehicle purchase transactions, debtors trade-in a vehicle in order to purchase a new vehicle.  If [...]]]></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>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=220</guid>
		<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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