United States Eighth Circuit
Capital One Auto Fin. v. Osborn, 07-1726
The hanging paragraph in 11 U.S.C. section 1325 does not eliminate an under-secured creditor's deficiency claim when, in a Chapter 13 plan, debtors propose to surrender a car purchased within 910 days before filing for bankruptcy. The creditor is entitled to an unsecured deficiency claim if there is a right to a deficiency judgment under state law.
Appellate Information
- Decided 02/05/2008
- Published 02/05/2008
Judges
- BENTON, Circuit Judge., Before WOLLMAN and BENTON, Circuit Judges, and DOTY, District Judge.
Court
- United States Eighth Circuit
Counsel
- For Appellant:
- Cynthia M. Woolverton, Argued, Mindy D. Smith, on the Brief, St. Louis, MO, for Appellant.
- For Appellees:
- Vanessa C. Hayden, Argued, Raymore, MO, for Appellee.