Bankruptcy Code Revision to Fight Foreclosure in the Works? : The Bankruptcy Lawyers Blog

I saw an interesting article about political pressure to liberalize bankruptcy laws to help homeowners facing forclosure. Kevin Chern, a Chicago based bankruptcy attorney and nationally recognized expert in consumer bankruptcy, edits a very good bankruptcy blog on current bankruptcy issues. Kevin states that a U.S. Senator may introduce new legislation to make it easier to save primary residences using Chapter 13 bankruptcy. In my opinion, the press and economic statistics do not accurately portray how bad the real estate market is and how many families are on the brink of losing their homes. Link: Bankruptcy Code Revision to Fight Foreclosure in the Works? : The Bankruptcy Lawyers Blog.