Brock & Stout Blog
Bankruptcy
What is Bankruptcy Cramdown?
What is Bankruptcy Cramdown?

A beneficial aspect of Chapter 13 bankruptcy is the ability to “cramdown” certain secured loans. A cramdown could lower the principal balance and interest rate you may owe on a loan. It could save you money and help keep your property. Read on to understand which of...

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Escaping the Minimum Payment Trap
Escaping the Minimum Payment Trap

Do you make only the minimum payment on your credit card debt each month? If so, you are ultimately sentencing yourself to a long-term trap of debt. The Minimum Payment Problem Most credit card companies allow the borrower to pay what they call the "minimum amount...

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