On the recordJanuary 21, 2009
How is the bank any worse off with cram down under bankruptcy--the fact is that the security they have is the cram-down amount--the value of the house is the security for the loan.
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congress.govHow is the bank any worse off with cram down under bankruptcy--the fact is that the security they have is the cram-down amount--the value of the house is the security for the loan.
Scott questions the impact of bankruptcy cram-downs on banks' security interests.
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