Citigroup Reaches Agreement with US Senators on Legislation to Allow Bankruptcy Courts to Modify Mortgage Terms | Practical Law
https://content.next.westlaw.com/practical-law/document/I21061938ef0811e28578f7ccc38dcbee/Citigroup-Reaches-Agreement-with-US-Senators-on-Legislation-to-Allow-Bankruptcy-Courts-to-Modify-Mortgage-Terms?viewType=FullText&transitionType=Default&contextData=(sc.Default)
An update on proposed "cramdown" legislation to allow judges to modify the terms of mortgage loans for borrowers in bankruptcy court.
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Citigroup Reaches Agreement with US Senators on Legislation to Allow Bankruptcy Courts to Modify Mortgage Terms
Practical Law Legal Update 7-384-5927
(Approx. 2 pages)
Citigroup Reaches Agreement with US Senators on Legislation to Allow Bankruptcy Courts to Modify Mortgage Terms
by PLC Finance and Practical Law Bankruptcy & Restructuring
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Published on 08 Jan 2009
•
USA (National/Federal)
An update on proposed "cramdown" legislation to allow judges to modify the terms of mortgage loans for borrowers in bankruptcy court.