COVID-19’s economic impact on borrowers’ ability to repay loans has had major repercussions for auto lenders, and the U.S. Supreme Court recently issued a decision relating to repossessions in bankruptcy.
In this episode of...more
7/21/2021
/ Automatic Stay ,
Bankruptcy Code ,
Chapter 13 ,
Chicago v Fulton ,
Consumer Bankruptcy ,
Coronavirus/COVID-19 ,
Creditors ,
Debtors ,
Lenders ,
SCOTUS ,
Section 362
The February Supreme Court decision in City of Chicago v. Fulton was widely celebrated in the lending community because the court found that a lender who repossesses a vehicle before a borrower files for bankruptcy is not in...more
By now, you likely are aware of the recent Supreme Court decision in City of Chicago, Illinois v. Fulton. The Court rightly found that merely retaining possession of a vehicle repossessed pre-petition is not a violation of...more
4/1/2021
/ Automatic Stay ,
Automotive Industry ,
Automotive Loans ,
Bankruptcy Code ,
Chapter 13 ,
Chicago v Fulton ,
Consumer Bankruptcy ,
Debtors ,
Injunctions ,
Recovery Plans ,
Repossess ,
SCOTUS ,
Section 362 ,
SIPA