On April 30, 2009, the US Senate voted against Senate Bill 61. The bill proposed to allow judges the flexibility to modify mortgages for families going through a Chapter 13 Bankruptcy. The bill flew through the House with plenty of momentum, but that momentum failed to carry it through the Senate where it stood at a stand still for months and was finally rejected last Thursday.
Why did it fail? http://www.bankruptcylawnetwork.com/2009/05/02/why-did-cramdown-fail-insurance-and-principal/
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Law Offices of Alethia M. Scipione P.C. is a federally designated Debt Relief Agency under the United States Bankruptcy Laws. We assist people with finding solutions to their debt problems, including, where appropriate, assisting them with the filing of petitions for relief under the United States Bankruptcy Code.
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The Law Offices of Alethia M. Scipione, P.C., provides service to clients in Maricopa County and Pinal County, including Chandler, Queen Creek, Gilbert, Mesa, Scottsdale, Guadalupe, Chandler Heights, Tempe, Apache Junction, Ahwatukee, Casa Grande, Florence, Gold Canyon, Higley, Johnson Ranch, Eloy, Arizona City, Maricopa, and Coolidge.