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Law Practice

Apr. 15, 2009

BERG: Tax Breaks for Homebuilders, but No Help for Homeowners?

While news accounts have judicial cramdowns D.O.A., backers are holding out hope, writes columnist Martin Berg.

Despite reports to the contrary, proposed judicial cramdowns for mortgages in bankruptcy are not dead.

That's the word from supporters who are keeping the faith and a key U.S. senator.

A lobbyist for the National Association of Consumer Bankruptcy Attorneys, which supports the proposal, acknowledged that a steady stream of news accounts and blogs have pronounced the demise of judicial cramdown plan - which President Obama has described as a crucial element of h...

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