Update: Full Senate to Vote this Week on “Helping Families Save Their Homes Act” AKA Judicial Modification of Mortgages (Bankruptcy) Bill

April 29, 2009

The following is excerpted from a National Association of Consumer Bankruptcy Attorneys Alert:

Later this week, the full Senate is scheduled to take up the House-passed Housing bill (“Helping Families Save Their Homes Act”), also known informally as the Judicial Modification of Mortgages in Bankruptcy Bill.

When it comes up for vote, Senator Durbin will offer a revised version of S. 61 as an amendment to the bill. Here is a summary of the Durbin amendment.

The revised language of the Durbin amendment narrows considerably the availability of mortgage modification in bankruptcy. Even so, it may be difficult to get the Senate to pass it.

If you would like to support the Durbin amendment, email your two senators and President Obama. To send an email, click here.

Support is particularly needed from citizens in these states:

* Arkansas
* Delaware
* Florida
* Georgia
* Indiana
* Louisiana
* Maine
* Missouri
* Montana
* Ohio
* Pennsylvania
* West Virginia

Update: Senate Fails to Pass Helping Families Save Their Homes Act AKA Judicial Modification of Mortgages (Bankruptcy) Bill