Video

  • 5 minutes

Understanding Chapter 13 Cram Down Procedures

 
Often times a debtor will make a non-homes debt property purchase and the value of the asset is significantly lower that what is owed to the lending institution. Cram Down is a theory of law where the debtor can file a motion to cram down or reduce the secured claim of a creditor down to the value of the asset. This video will provide you with a brief review of Chapter 13 Cram Down.
Runtime: 5 minutes

Faculty

Robert J. Bigge, Jr., Esq.

Robert J. Bigge, Jr., Esq.

Bigge & Rodriguez, P.A.