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Author Question: A(n) ________ is the term used to describe the power that Chapter 13 has to modify secured loans, ... (Read 91 times)

ap345

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on: Aug 2, 2018
A(n) ________ is the term used to describe the power that Chapter 13 has to modify secured loans, such as a car loan, to reflect the current market value of the collateral.
 
  Fill in the blank(s) with correct word

Question 2

Chapter 13 also offers debtors a way to avert repossession of their vehicle. Furthermore, debtors in this situation do not have to sign a(n) ________ as would be necessary in a Chapter 7 case.
 
  Fill in the blank(s) with correct word


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phuda

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Reply #1 on: Aug 2, 2018
Answer to Question 1

cramdown

Answer to Question 2

reaffirmation agreement


ap345

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Reply 2 on: Aug 2, 2018
Great answer, keep it coming :)

peter

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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