On September 23, 2008, we reported about the 9th Circuit BAP’s ruling and treatment of negative equity in automobile retail installment contracts.   See our discussion of the BAP opinion at http://www.calautofinance.com/?p=118    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