CAR OWNED BY CHILD CAN BE CRAMMED DOWN BUT NOT GOOD FAITH
In re Lewis, Case No. 06-20027
August 2006, Judge Somers
The vehicle the debtors proposed to cramdown in the plan was found to belong to the daughter, even though titled to debtors. Daughter made the payments. However, the Court found that the plan was not filed in good faith, citing Young and Flygare, and granted stay relief to the creditor.
Related posts:
- 910 Car Claims Get Interest SURRENDER IN FULL SATISFACTION OF 910 AND PAYMENT IN FULL WITH NOT INTEREST NOT ALLOWED In re McClay, Case No....
- My Wife Didn't File Bankruptcy, Can I Deduct Her Car Payment on My Means Test? NON DEBTOR EXPENSES NOT ALLOWED ON B22C In re Shahan, Case No. 06-11638 April 2007, Judge Nugent Above median debtor...
- Negative Equity NEGATIVE EQUITY ISSUE NOT RULED UPON IN 1327 CASE In re Kuhasz, Case No. 07-20282 November 2008, Judge Somers Court...
- Do I Have to Reaffirm Car Loans, Home Mortgages? If you are behind on a car loan or a home mortgage and you can afford to catch up, you...
- GAP Insurance Not In Car Lender's PMSI GAP insurance, service contracts, administrative fees and the traded-in car payoff are not part of a car lender’s purchase-money secured...


















