In Re Munzberg
United States Bankruptcy Court, D. Vermont
1Opinion of the Court
MEMORANDUM OF DECISION
On Creditor’s Objection to Plan Confirmation Based Upon Its Rights Under the “Hanging Paragraph”
COLLEEN A. BROWN, Bankruptcy Judge.
The Court is called upon to decide the extent to which the claim of Daimler-Chrysler Financial Services Americas LLC (the “Creditor”) is protected from bifurcation and cramdown in chapter 13, as a claim secured by a purchase money security interest (“PMSI”), where the claim includes not only the purchase price of a motor vehicle but also the purchase of gap insurance and a service contract, and “negative equity” 1 on a trade-in vehicle. This…
2Cases cited47 opinions
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- In Re WrightCourt of Appeals for the Seventh Circuit · 2007
- Dominion Bank of the Cumberlands, Na v. James R. Nuckolls Judy M. NuckollsCourt of Appeals for the Fourth Circuit · 1985
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