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Bankruptcy

: The Debt Podcast

Should I File Bankruptcy Now if the Law is Going to Change?

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Congress is debating a change to Chapter 13 of the Bankruptcy Code to allow homeowners with “negative equity” in their homes to reduce the amount owed on their mortgages to the amount of their home’s value. This is the “cram down” legislation, which has failed on many occasions due to the the banking industry’s [...]

Full post as published by The Debt Podcast on January 31, 2009 (boomark / email).

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