Cram Down

http://www.bankruptcylawnetwork.com/wp-content/uploads/repossessed-car-3... 300w" sizes="(max-width: 438px) 100vw, 438px" />Next to home mortgages, motor vehicle loans are often your most expensive purchase.

In the recent decision of Village Green I, GP v. Fed. Nat’l Mortgage Ass’n (In re Village Green I, GP), 2016 WL 325163 (6th Cir. Jan. 27, 2016), the Sixth Circuit held that the contrived nature of the impairment will cause the plan to fail section 1129(a)(3)’s requirement of having been proposed in good faith.