Mortgage Loan Modification in Chapter 13 Bankruptcy Up for Vote in Senate This Week
By Jill Michaux, Kansas Bankruptcy Attorney on Feb 24, 2008 in Mortgage Reform
The U.S. Senate is expected to vote on S.2636 this week. This bill will help distressed homeowners save their homes from foreclosure by allowing a bankruptcy judge to modify their mortgage loans in chapter 13 bankruptcy.
Kurt O’Keefe wrote about this beneficial legislation recently and reported that the mortgage lenders are fighting this relief for borrowers and for communities harmed by the foreclosure crisis.
See a list of the bill’s key provisions on the Bankruptcy Law Network.
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