Chapter 13 Cram-Down rental property
Yes, that is true. You are "cramming down" the value of the property to what it is actually worth and paying THAT amount through your bankruptcy...
Middlesex, NJ
Bankruptcy and debt Lawyer at Middlesex, NJ
Practice Areas: Bankruptcy & Debt, State, Local And Municipal Law, Real Estate
Yes, that is true. You are "cramming down" the value of the property to what it is actually worth and paying THAT amount through your bankruptcy...
Your obligations on the mortgages were discharged by the successful discharge of your bankruptcy case (assuming that you did not file a...