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chapter 2 loan modification

Developers use new laws to stave off foreclosure

by Moe Bedard

As residential and commercial real-estate markets falter, developers are increasingly turning to bankruptcy to stave off foreclosure on their troubled properties.

In the past, developers often filed for bankruptcy for the entire company, tying up all properties owned by their companies.
Changes to tax law and the U.S. Bankruptcy Code in the past decade enable developers to [...]

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