The , “Helping Families Save Homes in Bankruptcy Act of 2009” was approved by the House Judiciary Committee, voting strictly on party lines, and sent to the House Floor late on January 28, 2009.
The committee added several amendments to the bill. Several of these are discussed in the post, “Changes to HR 200 [...]
Posts on ‘January 29th, 2009’
House Bill 200, With Amendments, Approved By Committee And Sent To House Floor
Holder, holder, who’s the holder?
The current version of H.R. 200 requires that a borrower attempt to negotiate a modification with “the holder of the claim” before they are eligible to propose a modification through Chapter 13. Chip Parker points out that who holds the claim is a big unknown.
Presently in bankruptcy court, servicers who bring motions for relief [...]