So in Chapter 11 for the big boys they address reality and treat the value of the property the way it is. But in individual little guy petitions for relief in bankruptcy court, they stick you with the entire amount of the Note even if the security is only worth 20% of the “principal.” And […]

Tags: banks, Chapter 11, Chapter 13, Chapter 7, creditor, fair market value, investors, Personal responsibility
Posted in bubble, Corruption, Eviction, securities fraud |