Los Angeles Bankruptcy Court Stops Foreclosure & Changes Mortgage Loan Terms

A bill introduced in the U.S. Senate last night will change the bankruptcy law to allow Los Angeles Bankruptcy Court Judges and Los Angeles Bankruptcy Attorneys to modify loans held by Los Angeles homeowners on the verge of losing their homes in Los Angeles and California through foreclosure.

The amendment to Bankruptcy Law, S.2636, allows Los Angeles Bankruptcy and Tax Attorneys to provide modifications to mortgage loans on the Los Angeles homewoners’ “principal residence” who meet certain income and expense criteria.
Los Angeles Bankruptcy Court May Stop Foreclosure by Modifying Home Loans