Bankruptcy

Helping Families Save their Homes in Bankruptcy Act Up For Vote

By meaghano

We wrote about Illinois Senator Dick Durbin’s bill when it was first being considered. Now, the measure that would potentially prevent home foreclosure for millions of Americans by allowing bankrupty judges to change the terms of a mortgage - including interest rate and principal owed - is up for a vote.

However, the vote is going to be very close. If you want to stand up and help keep people in their homes and protect Americans going through difficult financial times, contact your Senators and Congressmen today.

You can visit http://www.congressweb.com/cweb4/index.cfm?orgcode=nacba&hotissue=1 to find a simple form that will allow you to contact the Senator in your homestate.

To read more about the bill and why it’s improtant, check out this editorial from the St. Louis Post-Dispatch.

Full post as published by The Bankruptcy Blog on April 29, 2009 (boomark / email).