New Changes to Bankruptcy Law May Come
The Orange County Bankruptcy Attorneys are excited because key members of the House of Representatives will offer an amendment to the financial services regulatory overhaul bill which provides for mortgage modification of principal residences in Bankruptcy. The Orange County Chapter 7 Attorneys along with attorneys nationwide are pressuring the congress to pass this cram down legislation. The banks have failed to offer meaningful loan modifications across the country and the Treasury Department’s modification program seems to be a failure. Consequently so many families have lost their homes. The Irvine Bankruptcy attorneys at Shakoori Law Group look forward to the hopeful passage of this legislation which will allow the Los Angeles bankruptcy attorneys a meaningful way to help families save their home and stay in their neighborhoods and communities. It will no longer be up to the greedy banks to decide whether it’s in their own best interest to modify you loan. A neutral bankruptcy judge can review the case and decide if the loan should be modified. What a victory that would be for the homeowners!
