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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
| 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.