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Bankruptcy : Exemption – Vehicle – Iowa Law

Where the value of a debtor’s vehicle was less than the amount that she owed to the bank, the bankruptcy court properly found that the debtor had no interest in the vehicle to exempt under Iowa law.

Judgment is affirmed.

Goben v. Corydon State Bank (MLW No. 65530/Case No. 13-6039 – 5 pages) (U.S. Bankruptcy Appellate Panel, 8th Circuit, Schermer, B .J.) Appealed from U.S. Bankruptcy Court, Southern District of Iowa.

Read the full text of this opinion. (PDF)