Skip to main content
Please enter a legal issue and/or a location
Begin typing to search, use arrow keys to navigate, use enter to select

Find a Lawyer

More Options

In re: Peaslee, No. 07-3962

By FindLaw Staff on October 12, 2009 | Last updated on March 21, 2019

In a debtor's appeal from a district court's order reversing the bankruptcy court's confirmation of the debtor's Chapter 13 plan, the district court's order is affirmed where the New York Court of Appeals held, in response to a certified question from the court of appeals, that negative equity on a trade-in vehicle is included in the purchase money security interest accompanying a new car's purchase and is therefore protected from cramdown by the Hanging Paragraph of Section 1325 of the Bankruptcy Code.

Read In re: Peaslee, No. 07-3962

Appellate Information

Argued: September 25, 2008

Decided: October 9, 2009


Per Curiam


For Appellant:

George M. Reiber, Rochester, NY, pro se

For Appellees:

Barkley Clark and Katherine M. Sutcliffe Becker, Stinson Morrison Hecker, LLP, Washington, DC

You Don’t Have To Solve This on Your Own – Get a Lawyer’s Help

Meeting with a lawyer can help you understand your options and how to best protect your rights. Visit our attorney directory to find a lawyer near you who can help.

Or contact an attorney near you:
Copied to clipboard