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Bankruptcy

: The Debt Podcast

H.B. 7307: Chapter 13 Bankruptcy Home Mortgage Modification Bill Introduced

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Democratic Congressional leaders introduced House Bill 7307 this week to remove a ban on modification of a homeowners residential mortgage in chapter 13 bankruptcy.  It would correct a 30-year-old anomaly in the Bankruptcy Code allowing the modification of nearly all loans except a family?s home. “The legislation that Rep. Sánchez and I plan to introduce [...]

Full post as published by The Debt Podcast on November 28, 2008 (boomark / email).

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