Ford Motor Credit Co. v. Dale (In Re Dale)

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• concluding that negative equity financing, gap insurance, and extended warranties fell within the category of ‘price’ of the vehicle
• holding that the expenses for negative equity financing and gap insurance were contemporaneous with the debtor’s purchase of the vehicle
• finding that negative equity financing, gap insurance, and extended warranties were incurred “in connection with the buyer’s goal of acquiring rights in the collateral”
• finding that negative equity financing, gap insurance, and extended warranties were incurred “in connection with the buyer’s goal of acquiring rights in the collateral”
• noting that “[i]t is common in the bankruptcy context to look to state law to define security interests created under state law”
• finding that a loan for negative equity in a vehicle was a “purchase-money security interest” and the “hanging paragraph operate[d] to prevent bifurcation of th[e] debt”

Source: CourtListener parenthetical corpus (CC0).