10th Circuit Allows Hanging Paragraph Claims
A panel of the 10th Circuit on May 19 said a lender was entitled to pursue claims against two groups of debtors related to the surrender of vehicles under the Hanging Paragraph of the Bankruptcy Code. The decision was a reversal of the Bankruptcy Court for the Northern District of Oklahoma which had approved two separate plans regarding so-called “910 Vehicles.” Lender DaimlerChrysler had objected to the confirmation of the payment plan of John Jason and SUmmar balle
Also tagged confirmation, crawford, hanging, its-agent, its-not, judith, lender-daimler, northern, payment, pursue-claims, surrender, the-rounds, vehicles-under