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morama7510 · Joined: 26 Jan 2010 Posts: 2 1.65 Dollars($)

How much can a investment property be cram down on chapter 13 bankruptcy? I owe $310,000. My property is in California.

jameshogg · Posted: Tue Jan 26, 2010 11:59 pm Post subject:

Hi morama,

As far as I know, in a cram down, the amount of debt equal to the current appraised value of the property would be treated as a secured claim and the excess amount of the loan would become an unsecured claim. The secured amount will have to paid in full through a repayment plan whereas the unsecured debt is usually not repaid in full.

Thanks

Guest

Thanks

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