
Bankruptcy Questions


What is a Cram-Down?
A Cram-Down is a change or modification to the terms of an existing loan that are subject to certain conditions. The cram-down allows you to reduce the balance of your debt down to the value of the property. The conditions are made to ensure that the terms of the loans are fair for all the parties involved. A cram-down is often a helpful benefit of the bankruptcy process to help equalize the value of the property with how much is owed.