by Matthew Foley | Jul 18, 2018 | Secured and Unsecured Claims, Vehicle Issues
Tucson Bankruptcy Blog The Ninth Circuit Court of Appeals found that a creditor does not have a purchase money security interest (PMSI) in the portion of the debtor’s car loan related to negative equity of a vehicle traded in at the time of a new vehicle purchase;...
by Matthew Foley | Jul 18, 2018 | Vehicle Issues
Tucson Bankruptcy Blog Under the Arizona bankruptcy exemptions, a vehicle used by the debtor primarily for business purposes, must be claimed under the “Tools of the Trade” exemptions under A.R.S. § 33-1130. The Arizona bankruptcy exemptions allow a debtor...