The new bankruptcy reform/cramdown---where is this at?????

[djdebz]

Has anyone been following the resurrection of the cramdown legislation?

If so, where is it at and does anyone think it will be successful this time around since it was so close last time?

Thanks so much.

Deb

[rrockinggramma]

I wouldn't be holding my breath on this one. It involves a change in contract law and so it gets real complicated and I doubt that judges will ever be given that power in BK

[HHM]

It is dead in committee, the sponsors did not even have enough votes to bring it to the floor of hte Senate.