IN RE HOWARD

No. 09-3181.

597 F.3d 852 (2010)

In re Aubrey HOWARD, Debtor-Appellant. AmeriCredit Financial Services, Creditor-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided March 1, 2010.


Attorney(s) appearing for the Case

Brian R. Zeft (argued), Semrad & Associates, Chicago, IL, for Debtor-Appellant.

William M. Burke (argued), Costa Mesa, CA, David J. Frankel, Sorman & Frankel, Chicago, IL, for Creditor-Appellee.

Craig A. Varga, Varga, Berger, Ledsky, Hayes & Casey, Chicago, IL, for Amicus Curiae.

Before POSNER, FLAUM, and WILLIAMS, Circuit Judges.


POSNER, Circuit Judge.

This direct appeal from the bankruptcy court, pursuant to 28 U.S.C. § 158(d)(2)(A), requires us to consider an issue that is new in this court. It is whether the bankruptcy court's "cramdown" power in a Chapter 13 bankruptcy (the counterpart, for an individual, to corporate reorganization in bankruptcy— Chapter 11) extends to an automobile dealer's, or other creditor's, taking a security interest in a customer's "negative equity...

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