When Jamie Denise McGinness filed for chapter 13 bankruptcy, she owed $27,867.56 on her Nissan Altima. She sought to strip down the unsecured portion of the debt. Nissan Motor Acceptance Corporation objected to confirmation of her plan, citing the hanging paragraph of Section 1325(a)(5), which provides that a loan made to secure the purchase of a vehicle bought for personal use within 910 days of filing for bankruptcy may not be stripped down. The court overruled Nissan’s objection. In re McGinness, No. 17-14746 (Bankr. E.D. Tenn. March 2, 2018). [Read more…] about Court Adopts Predominat-Use Test for 910-Day Vehicle Analysis
