Government
Jan. 24, 2009
House Dems Push Bankruptcy Changes
Democratic lawmakers said Thursday that empowering bankruptcy judges to rework troubled home loans was the only way to pull the nation out of its housing crisis, calling voluntary measures to do so ineffectual in the face of rampant foreclosures.
Daily Journal Staff Writer WASHINGTON - Democratic lawmakers said Thursday that empowering bankruptcy judges to rework troubled home loans was the only way to pull the nation out of its housing crisis, calling voluntary measures to do so ineffectual in the face of rampant foreclosures. At a House of Representatives' Judiciary Committee hearing on two bills that would alter the bankruptcy code to allow primary residence mortgages...
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