March 14, 2008
Nice Summary of Pending Legislation on Chapter 13 Mortgage Issues
A big Thank You to Scott Clarkson, bankruptcy attorney in Torrance, who sent me the following email:
Please find attached a recent report (updated February 29, 2008) by the Congressional Research Service on the various proposals to amend Section 1322(b)(2) (which now prohibits cramdown on debt secured by a debtor’s primary residence). Besides a good overview of section 1322(b)(2), the report compares the pending bills.
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