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	<title>WWR Bankruptcy &#62; Your Bankruptcy News &#38; Information Source &#187; vehicle</title>
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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>

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		<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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		<title>Document Challenges To Motions For Relief From Stay In Chicago</title>
		<link>http://wwrbankruptcy.com/2009/04/09/document-challenges-to-motions-for-relief-from-stay-in-chicago/</link>
		<comments>http://wwrbankruptcy.com/2009/04/09/document-challenges-to-motions-for-relief-from-stay-in-chicago/#comments</comments>
		<pubDate>Thu, 09 Apr 2009 14:00:15 +0000</pubDate>
		<dc:creator>Monette Cope</dc:creator>
				<category><![CDATA[Chapter 13]]></category>
		<category><![CDATA[Chapter 7]]></category>
		<category><![CDATA[Motion]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[Chicago]]></category>
		<category><![CDATA[collateral]]></category>
		<category><![CDATA[equipment]]></category>
		<category><![CDATA[Judge Schmetterer]]></category>
		<category><![CDATA[motions for relief]]></category>
		<category><![CDATA[moving party]]></category>
		<category><![CDATA[Northern District of Illinois]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[recorded assignments]]></category>
		<category><![CDATA[security interest]]></category>
		<category><![CDATA[servicing agreement]]></category>
		<category><![CDATA[supporting documents]]></category>
		<category><![CDATA[UCC statement]]></category>
		<category><![CDATA[vehicle]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=193</guid>
		<description><![CDATA[There are ten bankruptcy judges in the Northern District of Illinois (Chicago).  Only one of these judges, Judge Schmetterer, has a standing order requiring supporting documents be filed with motions for relief.
Copies of the note and security interest must be filed as exhibits to the motion.  If the collateral is real estate, a recorded copy [...]]]></description>
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