Earlier this month, I wrote a post on this blog setting out the question of whether Congress should enact legislation empowering bankruptcy judges to modify the terms of mortgages within a Chapter 13 bankruptcy.
More on Are Mortgage Modifications in Bankruptcy a Good Idea – Part Two
Filed under Chapter 13 issues, Cram downs, Mortgage modifications by
There has been a lot of chatter on bankruptcy blogs and bankruptcy lawyer forums about the possibility that Congress will amend the bankruptcy laws to give judges the power to modify mortgages. To offer some perspective, bankruptcy judges have long had the power to modify vehicle loan contracts and other secured debt claims but never mortgage debt.
More on Are Mortgage Modifications in Bankruptcy a Good Idea – Part One
Filed under Chapter 13 issues, Cram downs, Mortgage modifications by
Jonathan Ginsberg

