Alert icon
We're changing our privacy policy. This stuff matters.  Learn more  Dismiss

What Is A Cramdown in Bankruptcy?

Loading...

Sign in or sign up now!
Alert icon
Upgrade to the latest Flash Player for improved playback performance. Upgrade now or more info.
127 views
Loading...
Alert icon
Sign in or sign up now!
Alert icon

Uploaded by on Oct 18, 2011

http://www.DuncanLawOnline.com
A cramdown is when the bankruptcy courts allow someone to pay back the value of a piece of property as opposed to the amount owed on the loan. A common example is an automobile. If you have a vehicle that you got financing on more than 910 days ago and file a Chapter 13 bankruptcy then you would most likely only have to pay back the value of the vehicle, not the loan amount.

  • likes, 0 dislikes

Link to this comment:

Share to:
see all

All Comments (0)

Sign In or Sign Up now to post a comment!
Loading...

Alert icon
0 / 00Unsaved Playlist Return to active list
    1. Your queue is empty. Add videos to your queue using this button:
      or sign in to load a different list.
    Loading...Loading...Saving...
    • Clear all videos from this list
    • Learn more