Question about bankruptcy law?

by **scirwode** » Sat Apr 02, 2011 2:13 pm

Did they pass the law allowing bk judges to modify mortgages. And does that only apply for chapter 13 or is chapter 7 included? Thanks.

by **jaren12** » Sat Apr 02, 2011 2:19 pm

not passed

by **hackett** » Sat Apr 02, 2011 2:30 pm

Congress hasn't currently passed any law permitting a bankruptcy judge to modify a mortgage on a primary residence. In its current form, the bill would allow the judge to do so only within the framework of a Chapter 13 proceeding.

If you are having a problem with your mortgage, now is the time to go talk to an attorney, prior to getting to the point where you can't pay anything and end up in foreclosure.

For a referral, contact your local or state bar association.

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