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Court of Appeals: Car can be repossessed from debtor after Chapter 7 bankruptcy

BOSTON — A creditor could enforce an ipso facto clause in a retail installment contract and repossess a vehicle after the debtor failed to reaffirm the debt in her bankruptcy case, Maryland’s highest court has ruled in answering a certified question from a U.S. Bankruptcy Court. Ford Motor Credit repossessed a Chapter 7 debtor’s car shortly ...