United States Ninth Circuit

In a creditor's appeal from the district court's affirmance of the bankruptcy court's holding that a creditor did not have a purchase money security interest in the portion of the debtor's loan related to negative equity charges, the order is affirmed where a creditor does not have a purchase money security interest in the "negative equity" of a vehicle traded in at the time of a new vehicle purchase.

Appellate Information

• Argued 11/05/2009
• Decided 07/16/2010
• Published 07/16/2010

Judges

• Richard Mills

Court

• United States Ninth Circuit

Counsel

• For Appellant:
  
• William M. Burke, Kenneth N. Klee