There are certain car creditors that everytime we cramdown vehicles in a Chp 13, submit their proof of claim with the claim amount as the market value of the claim. The bankruptcy code makes it improper to file a fraudulent proof of claim.
My office has sent these creditors certified...
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Cramdown Inaccurate Proof of Claim - Anyone ever sued?
Last edited by rdknipp; 11-12-2010, 08:48 PM. -
What is 'cramdown?'
I've seen a term being used regarding mortgages or car loans - cramdown. What is it, how does it work, why would one want or not want this to occur?