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

May 3, 2009

On April 30, 2009, the full Senate took up the House-passed Housing bill (“Helping Families Save Their Homes Act”).

Senator Dick Durbin (D-IL) offered a revised version of S. 61 as an amendment to the bill; the amendment needed 60 votes to pass.

The amendment failed on a vote of 45 for, 51 against.

All Republican Senators voted against the amendment.

The following Democrats voted against it: Senators Tester and Baucus – Montana; Byrd – West Virginia; Specter – PA; Bennet – Colorado; Ben Nelson – Nebraska; Carper – Delaware; Dorgan – North Dakota; Landrieu — Louisiana; Lincoln and Pryor – Arkansas; and Johnson – South Dakota.

The above was excerpted from a National Association of Consumer Bankruptcy Attorneys update.