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: The Debt Podcast

Trade-in loan balance, gap insurance, service contracts, fees not part of car loan purchase money security interest

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Negative equity, GAP insurance, service contracts, and administrative fees rolled into your car loan are not entitled to the special protection for purchase money security interests in cars, a Kansas bankruptcy judge ruled this week in In Re Miller, Case No. 08-40935, (Bankr. D.Kan. December 2, 2008). The Hon. Janice Miller Karlin ruled the gap insurance [...]

Full post as published by The Debt Podcast on December 07, 2008 (boomark / email).

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