Block on Trump's Asylum Ban Upheld by Supreme Court
Bankruptcy court's grant of debtors' motion to bifurcate creditor-Ford Motor Credit Company's claims is reversed and remanded as, under Missouri law, the amount financed to pay off the negative equity in the trade-in is part of the price of the new car, thus it is a purchase-money obligation and creditor has a purchase-money security interest securing its entire claim.
Submitted: Junw 11, 2009
Filed: September 8, 2009
Opinion by Benton, Circuit Judge