Category: I’ve been sued by a floorplan lender

Bankruptcy Courts Differ on whether Unpaid Floorplan Balances can be Discharged

 When floorplan lenders sue, generally they claim “conversion” for inventory sold “out of trust”.  The lenders also either threaten to or actually do object to the discharge of these debts in bankruptcy. The courts are all over the map in how they treat these cases. Knowing this affects how we defend conversion cases by floorplan […]

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