S. 61: | Helping Families Save Their Homes in Bankruptcy Act of 2009 |
111th Congress 2009-2010 |
A bill to amend title 11 of the United States Code with respect to modification of certain mortgages on principal residences, and for other purposes.
OverviewSponsor: | | Text: | Summary
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Full Text | Status: |  | Introduced | Jan 6, 2009 | | Referred to Committee | View Committee Assignments |  | Reported by Committee | ... | | Senate Vote | ... | | House Vote | ... | | Signed by President | ... |
This bill is in the first step in the legislative process. Introduced
bills and resolutions first go to committees that deliberate, investigate, and revise
them before they go to general debate. The majority of bills and resolutions never make it out of committee.
[Last Updated: Jan 6, 2010 6:47AM] | Last Action: | Jan 6, 2009:
Read twice and referred to the Committee on the Judiciary. | Related: | See the Related Legislation page for other bills related to this one and a list of subject terms
that have been applied to this bill.
Sometimes the text of one bill or resolution is incorporated into another, and in those cases the original bill or resolution, as it would appear here, would seem to be abandoned. |
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Question & Answer 
Can you answer any of these questions posed by other users? Think of it as a civic good deed.
See 11 more questions posed on this topic or submit your own question on the Q&A page.
Apr 28, 2009 8:47 PM - I have a 1st mortgage that exceeds the value of my residence. I have a hefty 2nd mortgage as well. Do I have to wait for the bill to become law, or can I do something about that under the present law? -
Read AnswersAnswered by a visitor on May 5, 2009 2:20 PM -
If your first mortgage consumes all of your equity then it is possible to strip off your second mortgage under current bankruptcy law. You should probably consult with a seasoned bankruptcy attorney as the rules change from jurisdiction to jurisdiction. Jul 31, 2009 3:52 PM - Will this bill cover mortgages soon to be getting a foreclosure? -
Answer it! |
Sources of Influence
MAPLight.org reports that the following organizations
have taken a stance on this bill:
| Support | Oppose |
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(none)
| American Securitization Forum Financial Services Roundtable American Bankers Association |
Follow the link to MAPLight.org to see if campaign contributions from employees of these organizations are correlated with how Members of Congress voted on this bill.
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S. 61--111th Congress: Helping Families Save Their Homes in Bankruptcy Act of 2009.
(2009).
In GovTrack.us (database of federal legislation).
Retrieved Feb 10, 2010, from
http://www.govtrack.us/congress/bill.xpd?bill=s111-61
"S. 61--111th Congress: Helping Families Save Their Homes in Bankruptcy Act of 2009."
GovTrack.us (database of federal legislation).
2009.
Feb 10, 2010
<http://www.govtrack.us/congress/bill.xpd?bill=s111-61>
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|author=111th Congress (2009)
|date=Jan 6, 2009
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|quote=Helping Families Save Their Homes in Bankruptcy Act of 2009
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