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Bankruptcy

: The Debt Podcast

Mortgage Loan Modification May Soon Be Allowed in Chapter 13 Bankruptcy

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A bill introduced in the U.S. Senate last night will change the bankruptcy law to allow judges to modify a debtor’s mortgage loan on his home. This bill will help families save their homes from foreclosure. The proposed law, S.2636, eliminates a provision of the bankruptcy law that prohibits modifications to mortgage loans on the [...]

Full post as published by The Debt Podcast on February 14, 2008 (boomark / email).

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