http://www.bankruptcylawnetwork.com/2007/08/09/bankruptcy-reform-will-fix-the-subprime-lending-crisis-and-save-the-economy/ Real Lawyers, Real Solutions Tue, 10 Nov 2009 16:34:06 -0700 http://wordpress.org/?v=2.8.6 hourly 1 http://www.bankruptcylawnetwork.com/2007/08/09/bankruptcy-reform-will-fix-the-subprime-lending-crisis-and-save-the-economy/comment-page-1/#comment-17969 Bankruptcy reform gaining momentum in Congress! at Bankruptcy Law Network - Real Lawyers, Real Solutions Tue, 21 Aug 2007 11:30:46 +0000 http://www.bankruptcylawnetwork.com/2007/08/09/bankruptcy-reform-will-fix-the-subprime-lending-crisis-and-save-the-economy/#comment-17969 [...] Consumer bankruptcy lawyers have known that one solution to the foreclosure crisis is to amend the bankruptcy laws. As I reported previously, National Association of Consumer Bankruptcy Attorneys President Henry Sommer submitted to the House Judiciary Subcommittee on Commercial and Administrative Law a proposal recommending that the Bankruptcy Code be expanded to allow Chapter 13 debtors the ability to repay lenders only the current fair market value of their primary residence and to allow the debtor to repay the loan at a fixed rate of interest. [...] [...] Consumer bankruptcy lawyers have known that one solution to the foreclosure crisis is to amend the bankruptcy laws. As I reported previously, National Association of Consumer Bankruptcy Attorneys President Henry Sommer submitted to the House Judiciary Subcommittee on Commercial and Administrative Law a proposal recommending that the Bankruptcy Code be expanded to allow Chapter 13 debtors the ability to repay lenders only the current fair market value of their primary residence and to allow the debtor to repay the loan at a fixed rate of interest. [...]

]]>