Loss of Purchase-Money Protection in 1325 Cramdowns – Part I

By Lawrence R. Ahern III, Brown & Ahern (Nashville, TN)

Part I

Click here for Part II
click here for Part III
Consumer debtors' counsel confront rules that give special protection to creditors with purchase-money security interests (PMSIs) in at least two settings: the lien avoidance rules in section 522 and the special cramdown rules for vehicles purchased within 910 days before bankruptcy in section 1325. The Bankruptcy Code grants special importance . . .

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