In addition to thousands of successful bankruptcy filings for his clients over the past 20 years, Cincinnati Bankruptcy Attorney Greg Wetherall has been involved in significant cases shaping bankruptcy law in Ohio.
A major benefit of Chapter 13 is the ability to Cramdown loans encumbering property. A "Cramdown" can occur when the property, encumbered by a loan, is worth less than the amount owed on the loan encumbering it. In a Cramdown, the Debtors are allowed to pay just the value of the property rather than the full amount owed on the loan, with the balance of the loan going away without ever being paid.
Below are a series of cases, spanning a six year period, in which Greg changed the law as it pertains to the Cramdown of Mobile Home Loans.