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Archive for September 7th, 2007

Upside Down Car Loans In Missouri »

Cathy Moran has discussed allowing Chapter 13 debtors to strip down a “new” car loan to the fair value of the vehicle despite a special BAPCPA provision called the “hanging paragraph.” And the alternative approaches used in other districts.
Last month a bankruptcy judge in Kansas, concluded that Missouri would follow the “transformation” rule and [...]

Chapter 15 and Bear Stearns »

My recent blog, “Chapter 15 Bankruptcy. CHAPTER 15???” talked about some of the more esoteric chapters of the Bankruptcy Code. Newly adopted Chapter 15, which applies to international bankruptcies, has received a fair amount of attention recently, in light of Bear Stearns’ attempts to protect its failed subprime mortgage investment hedge funds from seizure by [...]