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	<title>WWR Bankruptcy &#62; Your Bankruptcy News &#38; Information Source &#187; cram down</title>
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	<description>WW&#38;R Bankruptcy practice group of Weltman, Weinberg &#38; Reis, the nation's largest creditor's rights law firm, is your source for bankruptcy news and information. We are committed to helping clients thrive in these ever changing times.</description>
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		<title>Has Mortgage Cramdown Died Its Final Death?</title>
		<link>http://wwrbankruptcy.com/2009/12/17/has-mortgage-cramdown-died-its-final-death/</link>
		<comments>http://wwrbankruptcy.com/2009/12/17/has-mortgage-cramdown-died-its-final-death/#comments</comments>
		<pubDate>Thu, 17 Dec 2009 17:03:24 +0000</pubDate>
		<dc:creator>Monette Cope</dc:creator>
				<category><![CDATA[Chapter 13]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[cram down]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=278</guid>
		<description><![CDATA[The House on December 11, 2009 rejected an amendment to the Wall Street Reform and Protection Act of 2009 that would allow mortgage cramdowns in Chapter 13 bankruptcies.  The surprise is that this is the same amendment that the House passed earlier this year.  This time it was defeated by a vote of 241 to [...]]]></description>
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		<slash:comments>1</slash:comments>
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		<item>
		<title>Not Gone and Not Forgotten: Bankruptcy Reform and Cram Down</title>
		<link>http://wwrbankruptcy.com/2009/08/26/not-gone-and-not-forgotten-bankruptcy-reform-and-cram-down/</link>
		<comments>http://wwrbankruptcy.com/2009/08/26/not-gone-and-not-forgotten-bankruptcy-reform-and-cram-down/#comments</comments>
		<pubDate>Wed, 26 Aug 2009 13:00:27 +0000</pubDate>
		<dc:creator>Beth Schenz</dc:creator>
				<category><![CDATA[Bankruptcy Act 2009]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[Barney Frank]]></category>
		<category><![CDATA[cram down]]></category>
		<category><![CDATA[foreclosure crisis]]></category>
		<category><![CDATA[John Rao]]></category>
		<category><![CDATA[loan modifications]]></category>
		<category><![CDATA[National Consumer Law Center]]></category>
		<category><![CDATA[Susan Bodington]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=238</guid>
		<description><![CDATA[Last month, House Financial Services Committee Chairman Barney Frank (MA- D) indicated that he would revive the bankruptcy legislation that would allow debtors to cram down first mortgages.  Specifically, if the banks did not increase their efforts to modify existing home loans, Franks stated that he would revisit the bankruptcy cram down legislation. 
Not only is [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>10th Circuit Court of Appeals Rules Negative Equity is Purchase Money</title>
		<link>http://wwrbankruptcy.com/2009/08/24/10th-circuit-court-of-appeals-rules-negative-equity-is-purchase-money/</link>
		<comments>http://wwrbankruptcy.com/2009/08/24/10th-circuit-court-of-appeals-rules-negative-equity-is-purchase-money/#comments</comments>
		<pubDate>Mon, 24 Aug 2009 19:14:37 +0000</pubDate>
		<dc:creator>David Yunghans</dc:creator>
				<category><![CDATA[Bankruptcy Act 2009]]></category>
		<category><![CDATA[Motor Vehicle]]></category>
		<category><![CDATA[10th Circuit Court of Appeals]]></category>
		<category><![CDATA[910-day rule]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[cram down]]></category>
		<category><![CDATA[negative equity]]></category>
		<category><![CDATA[purchase money security interest]]></category>
		<category><![CDATA[secured claim]]></category>
		<category><![CDATA[vehicle]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=235</guid>
		<description><![CDATA[Under Bankruptcy law, a debtor cannot cram down a secured claim when the creditor has a purchase money security interest in a motor vehicle acquired for the debtor’s personal use within 910 days of a debtor’s bankruptcy filing.  In some vehicle purchase transactions, debtors trade-in a vehicle in order to purchase a new vehicle.  If [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2009/08/24/10th-circuit-court-of-appeals-rules-negative-equity-is-purchase-money/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>Summer Is Here And The Temperature Is Not The Only Thing Rising</title>
		<link>http://wwrbankruptcy.com/2009/08/21/summer-is-here-and-the-temperature-is-not-the-only-thing-rising/</link>
		<comments>http://wwrbankruptcy.com/2009/08/21/summer-is-here-and-the-temperature-is-not-the-only-thing-rising/#comments</comments>
		<pubDate>Fri, 21 Aug 2009 13:00:13 +0000</pubDate>
		<dc:creator>Alan Hochheiser</dc:creator>
				<category><![CDATA[Bankruptcy Act 2009]]></category>
		<category><![CDATA[Bankruptcy Filings]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[bankruptcy legislation]]></category>
		<category><![CDATA[cram down]]></category>
		<category><![CDATA[increased filings]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=230</guid>
		<description><![CDATA[The number of Bankruptcy filings through the first half of the year has increased almost 37%. Business bankruptcy filings have increased in the first six months almost 110%. Over 1.5 million bankruptcies being filed this year could be a reality.  Things are also heating up again in Congress. The proposed cram down legislation, which was [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2009/08/21/summer-is-here-and-the-temperature-is-not-the-only-thing-rising/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Still Looming:  Bankruptcy Reform and Cramdown</title>
		<link>http://wwrbankruptcy.com/2009/07/24/still-looming-bankruptcy-reform-and-cramdown/</link>
		<comments>http://wwrbankruptcy.com/2009/07/24/still-looming-bankruptcy-reform-and-cramdown/#comments</comments>
		<pubDate>Fri, 24 Jul 2009 18:53:25 +0000</pubDate>
		<dc:creator>Beth Schenz</dc:creator>
				<category><![CDATA[Bankruptcy Act 2009]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[Adam Levitin]]></category>
		<category><![CDATA[Alys Cohen]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[bankruptcy reform]]></category>
		<category><![CDATA[cram down]]></category>
		<category><![CDATA[foreclosure]]></category>
		<category><![CDATA[foreclosure crisis]]></category>
		<category><![CDATA[HAMP]]></category>
		<category><![CDATA[Jeff Sessions]]></category>
		<category><![CDATA[Mark Calabria]]></category>
		<category><![CDATA[Richard Durbin]]></category>
		<category><![CDATA[Richard Genirberg]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=223</guid>
		<description><![CDATA[On July 23, 2009, the Senate Committee on the Judiciary, Subcommittee on Administrative Oversight and the Courts scheduled a hearing on &#8220;The Worsening Foreclosure Crisis: Is It Time to Reconsider Bankruptcy Reform?&#8221; Due to the rise in foreclosures and continuing high level of unemployment, Democratic senators are attempting to revisit the bankruptcy reform that would [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Can A Debtor Cram Down Negative Equity Financed Through A Newly Purchased Vehicle?</title>
		<link>http://wwrbankruptcy.com/2009/07/13/can-a-debtor-cram-down-negative-equity-financed-through-a-newly-purchased-vehicle/</link>
		<comments>http://wwrbankruptcy.com/2009/07/13/can-a-debtor-cram-down-negative-equity-financed-through-a-newly-purchased-vehicle/#comments</comments>
		<pubDate>Mon, 13 Jul 2009 20:05:01 +0000</pubDate>
		<dc:creator>David Yunghans</dc:creator>
				<category><![CDATA[Motor Vehicle]]></category>
		<category><![CDATA[11th Circuit Court of Appeal]]></category>
		<category><![CDATA[2nd Circuit Court of Appeal]]></category>
		<category><![CDATA[4th Circuit Court of Appeal]]></category>
		<category><![CDATA[6th Circuit Court of Appeal]]></category>
		<category><![CDATA[910-day rule]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[cram down]]></category>
		<category><![CDATA[dual-status rule]]></category>
		<category><![CDATA[fair market value]]></category>
		<category><![CDATA[negative equity]]></category>
		<category><![CDATA[purchase money]]></category>
		<category><![CDATA[purchase money security interest]]></category>
		<category><![CDATA[replacement value]]></category>
		<category><![CDATA[transformation rule]]></category>
		<category><![CDATA[vehicle]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=220</guid>
		<description><![CDATA[Negative equity is created when a debtor owes more on a trade-in than the actual value of the trade-in.  This negative equity is then rolled into the purchase of the new vehicle.  Under the 910-day rule, debtors cannot cram down a purchase money security interest in a motor vehicle acquired for the personal use of [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2009/07/13/can-a-debtor-cram-down-negative-equity-financed-through-a-newly-purchased-vehicle/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Senate Rejects Cramdown Provision</title>
		<link>http://wwrbankruptcy.com/2009/05/01/senate-rejects-cramdown-provision/</link>
		<comments>http://wwrbankruptcy.com/2009/05/01/senate-rejects-cramdown-provision/#comments</comments>
		<pubDate>Fri, 01 May 2009 19:50:19 +0000</pubDate>
		<dc:creator>David Yunghans</dc:creator>
				<category><![CDATA[Bankruptcy Act 2009]]></category>
		<category><![CDATA[cram down]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=211</guid>
		<description><![CDATA[The Senate earlier this week introduced two versions of the Helping Families Save Their Homes Act of 2009.  On April 30, 2009 the Senate voted down an amendment to one of the Senate Bills, which sought to add the cram-down provision to the bill.  The vote was 45 yeas to 51 neas.   All Senate Republicans [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2009/05/01/senate-rejects-cramdown-provision/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Senate May Vote On Housing Bill Without Cram-Down Provision</title>
		<link>http://wwrbankruptcy.com/2009/04/30/senate-may-vote-on-housing-bill-without-cram-down-provision/</link>
		<comments>http://wwrbankruptcy.com/2009/04/30/senate-may-vote-on-housing-bill-without-cram-down-provision/#comments</comments>
		<pubDate>Thu, 30 Apr 2009 20:44:57 +0000</pubDate>
		<dc:creator>David Yunghans</dc:creator>
				<category><![CDATA[Chapter 13]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[cram down]]></category>
		<category><![CDATA[H.R. 1106]]></category>
		<category><![CDATA[residential mortgage]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=209</guid>
		<description><![CDATA[As The Helping Families Save Their Homes Act awaits a Senate vote, it has become apparent that the cram-down provision of the bill will likely not muster enough support to pass.  The cram-down provision, which gives bankruptcy judges the power to modify principal balance and interest rates of mortgages, has faced intense opposition from the [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2009/04/30/senate-may-vote-on-housing-bill-without-cram-down-provision/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Possible Compromise This Week on Bankruptcy Cramdown Legislation</title>
		<link>http://wwrbankruptcy.com/2009/04/21/possible-compromise-this-week-on-bankruptcy-cramdown-legislation/</link>
		<comments>http://wwrbankruptcy.com/2009/04/21/possible-compromise-this-week-on-bankruptcy-cramdown-legislation/#comments</comments>
		<pubDate>Tue, 21 Apr 2009 13:00:04 +0000</pubDate>
		<dc:creator>Monette Cope</dc:creator>
				<category><![CDATA[Chapter 13]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[cram down]]></category>
		<category><![CDATA[House]]></category>
		<category><![CDATA[interest rate]]></category>
		<category><![CDATA[lender incentives]]></category>
		<category><![CDATA[refinancing]]></category>
		<category><![CDATA[residential mortgage]]></category>
		<category><![CDATA[Senate]]></category>
		<category><![CDATA[Whip Dick Durbin]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=207</guid>
		<description><![CDATA[While the House passed a bill permitting mortgage cramdowns, the Senate has yet to do so.  However, it hopes to have a compromise in place this week.  Senate Majority Whip Dick Durbin (D-Ill) met with banks, credit unions, and consumer groups to negotiate terms for the Senate bill.
Details are sketchy, but it appears that the [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2009/04/21/possible-compromise-this-week-on-bankruptcy-cramdown-legislation/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Bankruptcy Filings Surge in the U.S.</title>
		<link>http://wwrbankruptcy.com/2009/04/14/bankruptcy-filings-surge-in-the-us/</link>
		<comments>http://wwrbankruptcy.com/2009/04/14/bankruptcy-filings-surge-in-the-us/#comments</comments>
		<pubDate>Tue, 14 Apr 2009 14:57:39 +0000</pubDate>
		<dc:creator>Alan Hochheiser</dc:creator>
				<category><![CDATA[Chapter 11]]></category>
		<category><![CDATA[Chapter 13]]></category>
		<category><![CDATA[Chapter 7]]></category>
		<category><![CDATA[Arizona]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[California]]></category>
		<category><![CDATA[cram down]]></category>
		<category><![CDATA[filings]]></category>
		<category><![CDATA[Idaho]]></category>
		<category><![CDATA[Nevada]]></category>
		<category><![CDATA[proceedings]]></category>
		<category><![CDATA[surge]]></category>
		<category><![CDATA[United States]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=201</guid>
		<description><![CDATA[With the current state of the economy and massive job layoffs, the number of Bankruptcy filings in the U.S. has surged. The Associated Press reported that over the last 12 months, there have been over 1.2 million bankruptcy proceedings filed. In March of 2009, there was an increase of 46% on the number of filings [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2009/04/14/bankruptcy-filings-surge-in-the-us/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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