Proposed bill would allow principal write-downs in bankruptcy courts

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In some instances, you can modify a mortgage in Chapter 13 bankruptcy so that the new principal equals the actual value of your home. For example, if your mortgage is $500,000 but the property value has declined to $300,000, you could modify the mortgage amount to $300,000.

Column H – Principal Deemed Unsecured – This will be the difference in the Pre MOD UPB and Post MOD UPB awarded in the bankruptcy case. This field should account for the difference in the two UPBs reported on the template and is a . decrease . in principal owed.

The proposed law. law or court order. HB 250 would entirely reverse this limitation, and provide that all seven of these items may be included in the portion of a condominium’s lien that has a.

Bankruptcy Court Holds Shared Responsibility Payment Is Not Tax (May 29, 2019, Court Opinions) S. 1687 Would Provide Special Rule for Uncut Timber Losses (May 29, 2019, Proposed legislation) senators introduce Bill to Provide Tax Relief for Timber Losses (May 29, 2019, Congressional News Releases)

Law360 (April 10, 2019, 5:33 PM EDT) — The North Carolina Senate has handily passed a proposed bill that would allow the Eastern Band of Cherokee. in the region," Eastern Band of Cherokee Indians.

An Oregon congressman is backing a bill that, if passed, would allow bankruptcy judges to force principal modifications on primary home mortgages during bankruptcy.Rep. Earl Blumenauer,

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The first, the Bankruptcy Venue Reform Act of 2018, a bill proposed by Senators Warren and Cornyn, would require a company to file for bankruptcy protection where its principal place of business or principal assets are located. It would strictly limit "forum shopping" to places like Delaware or New York where the overwhelming majority of.

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One bill would create new obligations for commercial entities whose. its data collection activities and disclosures to third parties. The operator also must allow customers to opt out of the sale.

These initial steps start with the US government’s use of IoT devices through the Senate’s third proposed bill on the subject, S.734. The bill, known as the Internet of Things Cybersecurity.