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

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

Part II

Click here for Part I
Click here for Part III
Consumer debtors' counsel confront rules in the Bankruptcy Code that give special protection to creditors with purchase-money security interests (PMSIs) under the special cramdown protections for "910 vehicles," by allowing a purchase-money obligation incurred within 910 days before bankruptcy to survive bankruptcy in situations where a non-purchase-money . . .

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