2009 March | Bankruptcy Attorney Blog

Archive for March, 2009

Major Provisions of House Mortgage Bankruptcy Bill

The House of Representative’s housing rescue plan includes a controversial measure backed by President Obama to let bankruptcy judges rewrite mortgages to reduce monthly payments for debt-strapped homeowners. It also contains other loan modification measures to stem the tide of foreclosures and keep credit flowing. Here are the major provisions:
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_ Allow bankruptcy judges to lower [...]