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Judge Cancels Loan Debt for Illinois Man Who Upgraded Cars for Uber

Submitted by jhartgen@abi.org on

A federal judge has determined that an Illinois insurance salesman who became an Uber driver to avoid bankruptcy can get out of repaying a nearly $10,000 auto loan debt after his plan failed, the Wall Street Journal Bankruptcy Beat blog reported yesterday. Bankruptcy Judge Jacqueline Cox agreed to erase the $9,786.61 debt that Oswaldo Rodriguez owes to auto lender GM Financial for the new Chevrolet SUV he bought in October 2014 — an upgrade from a smaller 2008 Lexus. The vehicle, which cost nearly $40,000, was repossessed in the aftermath. “He genuinely thought that he could earn enough money through Uber to finance the debt,” Judge Cox said in a six-page opinion filed earlier this month in U.S. Bankruptcy Court in Chicago.