Ford v. Ford Motor Credit Corp.
Court of Appeals for the Tenth Circuit
1Opinion of the Court
MURPHY, Circuit Judge.
I. Introduction
Appellants John Wesley Ford, Sr. and Cynthia Ford appeal an order of the Bankruptcy Court for the District of Kansas rejecting their proposed Chapter 13 bankruptcy plan. The Fords have an outstanding debt to Appellee Ford Motor Credit Company (“Ford Motor Credit”) secured by their automobile. The debt includes the amount paid to discharge the “negative equity” on their trade-in vehicle. Negative equity is the amount owed on a loan in excess of the collateral’s value. In their proposed bankruptcy plan, the Fords sought to bifurcate their automobile debt to…
2Cases cited16 opinions
- Butner v. United StatesSupreme Court of the United States · 1979
- Associates Commercial Corp. v. RashSupreme Court of the United States · 1997
- Commissioner v. Keystone Consolidated Industries, Inc.Supreme Court of the United States · 1993
- Hamilton v. Lanning (In Re Lanning)Court of Appeals for the Tenth Circuit · 2008
- In Re PriceCourt of Appeals for the Fourth Circuit · 2009
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