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
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