New Bankruptcy Fight Brews in Senate

by Benjamin Domenech on 11:29 am March 12, 2009

Controversial last-minute changes to House legislation empowering bankruptcy judges to alter primary mortgages will have little effect preventing struggling homeowners from trying to save their homes through bankruptcy, according to a number of housing advocates who are following the debate. Rather, pressures to limit the scope of a similar Senate bill, expected to be considered next week, pose a greater threat to the effectiveness of the bankruptcy provision, the advocates say.

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