Consumer Finance

Opening Briefs filed in 9th Circuit in In re: Penrod addressing the treatment of “negative equity” in Bankruptcy; Creditor Receives Amicus Support

February 13, 2009

On September 23, 2008, we reported about the 9th Circuit BAP’s ruling and treatment of negative equity in automobile retail installment contracts. AmeriCredit appealed to the Court of Appeals for the Ninth Circuit. AmeriCredit received trade group and industry amicus support. Review the Briefing here: Penrod — AmeriCredit’s Opening Brief Penrod — Trade Group Amicus Brief Penrod — Industry Amicus Brief

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Consumer Finance

Opening Briefs filed in 9th Circuit in In re: Penrod addressing the treatment of “negative equity” in Bankruptcy; Creditor Receives Amicus Support

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