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IN RE CALLICOTT

No. 4:08CV692 CDP.

396 B.R. 506 (2008)

In re Lisa Renee CALLICOTT, Debtor, Nuvell Credit Company, Appellant, v. Lisa Renee Callicott, Appellee.

United States District Court, E.D. Missouri, Eastern Division.

November 12, 2008.

Attorney(s) appearing for the Case

Ross H. Briggs, St. Louis, MO, for Lisa Renee Callicott.

MEMORANDUM AND ORDER

CATHERINE D. PERRY, District Judge.

This bankruptcy appeal presents an issue that has been dubbed the "Rorschach Inkblot Test of the bankruptcy bench and bar."1 When debtor Lisa Renee Callicott purchased her new Chevrolet, she traded in a Chrysler on which she still owed money. Callicott refinanced the "negative equity" in her old car when she obtained the financing for the new car. Nuvell Credit Company...

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