In Dumont v. Ford Motor Credit Company, the Ninth Circuit Court of Appeals confirms the Bankruptcy Code does not protect a debtor’s personal property collateral if the debtor fails to commit to redeem, reaffirm or assume the underlying loan—even if the debtor continues timely to make loan payments.
Register Now As you are not an existing subscriber please register for your free daily legal newsfeed service.Register
If you have any questions about the service please contact firstname.lastname@example.org or call Lexology Customer Services on +44 20 7234 0606.
No free ride: 9th Circuit permits lender to repossess vehicle when bankruptcy debtor fails to recommit
- Pillsbury Winthrop Shaw Pittman LLP
- Greg L. Johnson, Amy L. Pierce, Michael P. Ellis and Meredith E. Nikkel
- November 3 2009
To view this article you need a PDF viewer such as Adobe Reader.
If you are interested in submitting an article to Lexology, please contact Andrew Teague at email@example.com.
"Lexology is one of the few newsfeeds that I do actually look over as and when it comes in - the information is current; has good descriptive headings so I can see quickly what the articles relate to...
"Lexology is one of the few newsfeeds that I do actually look over as and when it comes in - the information is current; has good descriptive headings so I can see quickly what the articles relate to and is not too long."
Senior Legal Counsel, Bankwest Business
Bank of Western Australia Ltd