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TwitterChapter 13 Bankruptcy Debtor Wants To Cram Down Several Investment Mortgages. Debtors in Chapter 13 bankruptcy cannot cram down or force a reduction in the balance of a first mortgage on their principal residence. Debtors can cram down first mortgages on all real estate other than their residence. Cram down means that the Chapter 13 [...]
Archive for June, 2010
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Bill Collectors-Negotiate or File Bankruptcy?
June 30th, 2010 
admin Before filing bankruptcy many people try to negotiate settlements with their credit card companies and find that their creditors are not willing to reduce loan balances. Some debtors hire debt negotiation or debt consolidation companies and find that these companies cannot significantly reduce balances. Other debtors avoid bankruptcy by negotiating very favorable settlements with credit card collectors. [...]
