No matter the legislative outcome, the U.S. Supreme Court will be asked to decide whether bankruptcy courts can "cram down" the value of a mortgage owed by a debtor in a case brought under Chapter 13 of the Bankruptcy Code.

Plaintiffs' lawyers in the first federal appellate court case won by lenders have announced their intention to petition the high court to take the case, a development that is cheered by a coalition of lenders on the opposite side of the question.

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