09 December 2009 ~ 0 Comments

Greater Ability to Modify Mortgages Soon?

A bill that is gaining steam in the House of Representatives aims to grant greater latitude to bankruptcy judges in modifying home mortgages as part of the bankruptcy process. The House views this is a way to stem the foreclosure crisis and allow more people to stay in their homes. Many people mistakenly think the [...]

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19 November 2009 ~ 0 Comments

Congress Proposes New Chapter of Bankruptcy

In a previous post about companies that are “too big to fail” we talked about what the government should do with very large companies that affect huge portions of the economy. Well a new law Congress is considering would make it less likely for government to take over a company or bail it out, which [...]

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