White v. Coors Distributing Co. (In Re White)
United States Bankruptcy Appellate Panel for the Eighth Circuit
1Opinion of the Court
DREHER, Bankruptcy Judge.
Richard Burdette White and Jayne Mar-ee White (“Debtors”) appeal from the bankruptcy court’s 1 decision granting Coors Distributing Co. (“Coors”) an al lowed secured claim for $18,000. For the reasons stated below, we affirm.
FACTS and PROCEDURAL HISTORY
In May 1997, Debtors purchased a Dodge pickup truck from Ross Perry Motors d/b/a Crossroads Dodge (“Ross Perry”). The cash price for the truck was $27,015. Debtors opted, however, to purchase the truck on time under a “Retail Installment Contract and Security Agreement” (“contract”) for $35,317.60. The rate of interest…
2Cases cited39 opinions
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