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	<title>WWR Bankruptcy &#62; Your Bankruptcy News &#38; Information Source &#187; Monette Cope</title>
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	<link>http://wwrbankruptcy.com</link>
	<description>WW&#38;R Bankruptcy practice group of Weltman, Weinberg &#38; Reis, the nation's largest creditor's rights law firm, is your source for bankruptcy news and information. We are committed to helping clients thrive in these ever changing times.</description>
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		<title>Treasury Department Issues Guidelines for Use of HAMP in Bankruptcy</title>
		<link>http://wwrbankruptcy.com/2010/03/30/treasury-department-issues-guidelines-for-use-of-hamp-in-bankruptcy/</link>
		<comments>http://wwrbankruptcy.com/2010/03/30/treasury-department-issues-guidelines-for-use-of-hamp-in-bankruptcy/#comments</comments>
		<pubDate>Tue, 30 Mar 2010 12:00:03 +0000</pubDate>
		<dc:creator>Monette Cope</dc:creator>
				<category><![CDATA[Bankruptcy Filings]]></category>
		<category><![CDATA[Homeowners Affordable Modification Program]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[Chapter 13]]></category>
		<category><![CDATA[Chapter 13 Trustee]]></category>
		<category><![CDATA[Chapter 7]]></category>
		<category><![CDATA[HAMP]]></category>
		<category><![CDATA[modification]]></category>
		<category><![CDATA[U.S. Treasury]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=335</guid>
		<description><![CDATA[A recent post advised lenders and servicers of a strategy proposed by a prominent Chapter 13 Trustee to file bankruptcy and apply for a HAMP modification at the same time. To recap, theoretically, the servicer will lower the mortgage payments and a modification would be in executed within 60 days of filing the bankruptcy, and [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Beware of Chapter 13 Plans That Depend on HAMP Modification</title>
		<link>http://wwrbankruptcy.com/2010/03/25/beware-of-chapter-13-plans-that-depend-on-hamp-modification/</link>
		<comments>http://wwrbankruptcy.com/2010/03/25/beware-of-chapter-13-plans-that-depend-on-hamp-modification/#comments</comments>
		<pubDate>Thu, 25 Mar 2010 18:15:51 +0000</pubDate>
		<dc:creator>Monette Cope</dc:creator>
				<category><![CDATA[Chapter 13]]></category>
		<category><![CDATA[Homeowners Affordable Modification Program]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[Affidavid of Hardship]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[HAMP]]></category>
		<category><![CDATA[modification]]></category>
		<category><![CDATA[mortgages]]></category>
		<category><![CDATA[Request for Modification]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=327</guid>
		<description><![CDATA[The bills in both the House and Senate which would have allowed bankruptcy judges to modify the terms of certain mortgages died long ago.  However, one prominent Chapter 13 bankruptcy trustee is promoting his own version of reform by promoting the use of HAMP (Homeowners Affordable Modification Program) in concert with a Chapter 13 bankruptcy.  [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2010/03/25/beware-of-chapter-13-plans-that-depend-on-hamp-modification/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Debtors May Not Use Bankruptcy To Extend Expired State Court Deadlines</title>
		<link>http://wwrbankruptcy.com/2010/03/04/debtors-may-not-use-bankruptcy-to-extend-expired-state-court-deadlines/</link>
		<comments>http://wwrbankruptcy.com/2010/03/04/debtors-may-not-use-bankruptcy-to-extend-expired-state-court-deadlines/#comments</comments>
		<pubDate>Thu, 04 Mar 2010 18:50:14 +0000</pubDate>
		<dc:creator>Monette Cope</dc:creator>
				<category><![CDATA[Bankruptcy Filings]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[Extension of Time]]></category>
		<category><![CDATA[foreclosure]]></category>
		<category><![CDATA[redemption period]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=304</guid>
		<description><![CDATA[Lenders are faced with more and different challenges from debtors in these stressful financial times. One tactic being tried in Illinois is to use bankruptcy to attempt to extend a state court right of redemption on real estate in foreclosure.
Illinois Foreclosure law gives a mortgagor a specified and limited time to redeem a mortgage from [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Has Mortgage Cramdown Died Its Final Death?</title>
		<link>http://wwrbankruptcy.com/2009/12/17/has-mortgage-cramdown-died-its-final-death/</link>
		<comments>http://wwrbankruptcy.com/2009/12/17/has-mortgage-cramdown-died-its-final-death/#comments</comments>
		<pubDate>Thu, 17 Dec 2009 17:03:24 +0000</pubDate>
		<dc:creator>Monette Cope</dc:creator>
				<category><![CDATA[Chapter 13]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[cram down]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=278</guid>
		<description><![CDATA[The House on December 11, 2009 rejected an amendment to the Wall Street Reform and Protection Act of 2009 that would allow mortgage cramdowns in Chapter 13 bankruptcies.  The surprise is that this is the same amendment that the House passed earlier this year.  This time it was defeated by a vote of 241 to [...]]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>New Bankruptcy Filing Requirements In The Northern District of Illinois</title>
		<link>http://wwrbankruptcy.com/2009/08/20/new-bankruptcy-filing-requirements-in-the-northern-district-of-illinois/</link>
		<comments>http://wwrbankruptcy.com/2009/08/20/new-bankruptcy-filing-requirements-in-the-northern-district-of-illinois/#comments</comments>
		<pubDate>Thu, 20 Aug 2009 15:02:49 +0000</pubDate>
		<dc:creator>Monette Cope</dc:creator>
				<category><![CDATA[Chapter 13]]></category>
		<category><![CDATA[Local Procedures & Rules]]></category>
		<category><![CDATA[Motion]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[disclosure]]></category>
		<category><![CDATA[motions for relief]]></category>
		<category><![CDATA[Northern District of Illinois]]></category>
		<category><![CDATA[post-petition payment history]]></category>
		<category><![CDATA[Statement to Accompany Motions]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=227</guid>
		<description><![CDATA[NEW: A post-petition payment history must be attached to all Chapter 13 motions for relief in the Northern District of Illinois.
The Northern District of Illinois (Chicago) requires filers to attach a “Statement to Accompany Motions for Relief from Stay” to all motions for relief.  The Statement has been revised three times in the last year.  [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
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		<title>7th Circuit Rules That Creditors Must Unequivocally Return Property to Chapter 13 Debtors</title>
		<link>http://wwrbankruptcy.com/2009/06/16/7th-circuit-rules-that-creditors-must-unequivocally-return-property-to-chapter-13-debtors/</link>
		<comments>http://wwrbankruptcy.com/2009/06/16/7th-circuit-rules-that-creditors-must-unequivocally-return-property-to-chapter-13-debtors/#comments</comments>
		<pubDate>Tue, 16 Jun 2009 18:50:58 +0000</pubDate>
		<dc:creator>Monette Cope</dc:creator>
				<category><![CDATA[Chapter 13]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=216</guid>
		<description><![CDATA[Creditors may not condition the return of property on a lack of adequate protection.  If one does, then it has violated the automatic stay and may be subject to sanctions. The most common scenario in Chapter 13 bankruptcies is a vehicle is repossessed prior to the bankruptcy filing, but has not yet been sold. In [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2009/06/16/7th-circuit-rules-that-creditors-must-unequivocally-return-property-to-chapter-13-debtors/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>Possible Compromise This Week on Bankruptcy Cramdown Legislation</title>
		<link>http://wwrbankruptcy.com/2009/04/21/possible-compromise-this-week-on-bankruptcy-cramdown-legislation/</link>
		<comments>http://wwrbankruptcy.com/2009/04/21/possible-compromise-this-week-on-bankruptcy-cramdown-legislation/#comments</comments>
		<pubDate>Tue, 21 Apr 2009 13:00:04 +0000</pubDate>
		<dc:creator>Monette Cope</dc:creator>
				<category><![CDATA[Chapter 13]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[cram down]]></category>
		<category><![CDATA[House]]></category>
		<category><![CDATA[interest rate]]></category>
		<category><![CDATA[lender incentives]]></category>
		<category><![CDATA[refinancing]]></category>
		<category><![CDATA[residential mortgage]]></category>
		<category><![CDATA[Senate]]></category>
		<category><![CDATA[Whip Dick Durbin]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=207</guid>
		<description><![CDATA[While the House passed a bill permitting mortgage cramdowns, the Senate has yet to do so.  However, it hopes to have a compromise in place this week.  Senate Majority Whip Dick Durbin (D-Ill) met with banks, credit unions, and consumer groups to negotiate terms for the Senate bill.
Details are sketchy, but it appears that the [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2009/04/21/possible-compromise-this-week-on-bankruptcy-cramdown-legislation/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Bankruptcy Cramdown Legislation On Shaky Ground</title>
		<link>http://wwrbankruptcy.com/2009/04/13/bankruptcy-cramdown-legislation-on-shaky-ground/</link>
		<comments>http://wwrbankruptcy.com/2009/04/13/bankruptcy-cramdown-legislation-on-shaky-ground/#comments</comments>
		<pubDate>Mon, 13 Apr 2009 12:22:54 +0000</pubDate>
		<dc:creator>Monette Cope</dc:creator>
				<category><![CDATA[Bankruptcy Act 2009]]></category>
		<category><![CDATA[Chapter 13]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[cram down]]></category>
		<category><![CDATA[Harry Reid]]></category>
		<category><![CDATA[mortgage fraud]]></category>
		<category><![CDATA[residential mortgage]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=198</guid>
		<description><![CDATA[The Senate may leave the proposed cramdown legislation behind as it considers other remedies for the housing and mortgage meltdown.
The legislation would allow bankruptcy judges to modify certain home mortgage loans by reducing the principal, the payments, and/or the interest rates.  The lending community has fiercely opposed it, and some lawmakers on both sides of [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2009/04/13/bankruptcy-cramdown-legislation-on-shaky-ground/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Document Challenges To Motions For Relief From Stay In Chicago</title>
		<link>http://wwrbankruptcy.com/2009/04/09/document-challenges-to-motions-for-relief-from-stay-in-chicago/</link>
		<comments>http://wwrbankruptcy.com/2009/04/09/document-challenges-to-motions-for-relief-from-stay-in-chicago/#comments</comments>
		<pubDate>Thu, 09 Apr 2009 14:00:15 +0000</pubDate>
		<dc:creator>Monette Cope</dc:creator>
				<category><![CDATA[Chapter 13]]></category>
		<category><![CDATA[Chapter 7]]></category>
		<category><![CDATA[Motion]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[Chicago]]></category>
		<category><![CDATA[collateral]]></category>
		<category><![CDATA[equipment]]></category>
		<category><![CDATA[Judge Schmetterer]]></category>
		<category><![CDATA[motions for relief]]></category>
		<category><![CDATA[moving party]]></category>
		<category><![CDATA[Northern District of Illinois]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[recorded assignments]]></category>
		<category><![CDATA[security interest]]></category>
		<category><![CDATA[servicing agreement]]></category>
		<category><![CDATA[supporting documents]]></category>
		<category><![CDATA[UCC statement]]></category>
		<category><![CDATA[vehicle]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=193</guid>
		<description><![CDATA[There are ten bankruptcy judges in the Northern District of Illinois (Chicago).  Only one of these judges, Judge Schmetterer, has a standing order requiring supporting documents be filed with motions for relief.
Copies of the note and security interest must be filed as exhibits to the motion.  If the collateral is real estate, a recorded copy [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2009/04/09/document-challenges-to-motions-for-relief-from-stay-in-chicago/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>In Attempting To Limit Certain Mortgage Modification Bankruptcies, House Bill Has Loopholes</title>
		<link>http://wwrbankruptcy.com/2009/03/13/in-attempting-to-limit-certain-mortgage-modification-bankruptcies-house-bill-has-loopholes/</link>
		<comments>http://wwrbankruptcy.com/2009/03/13/in-attempting-to-limit-certain-mortgage-modification-bankruptcies-house-bill-has-loopholes/#comments</comments>
		<pubDate>Fri, 13 Mar 2009 19:40:03 +0000</pubDate>
		<dc:creator>Monette Cope</dc:creator>
				<category><![CDATA[Bankruptcy Act 2009]]></category>
		<category><![CDATA[Chapter 13]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[foreclosure]]></category>
		<category><![CDATA[lender incentives]]></category>
		<category><![CDATA[loan modifications]]></category>
		<category><![CDATA[residential mortgage]]></category>
		<category><![CDATA[Tags: bankruptcy]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=173</guid>
		<description><![CDATA[H.B. 1106 attempts to limit the mortgages that may be ìcrammed downî or otherwise modified. It permits modifications only on loans that were originated before the billís enactment.  A case may not be reopened to modify a mortgage.  These are substantial (however, debtors are not prevented from filing a new case).
Several provisions are designed to [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2009/03/13/in-attempting-to-limit-certain-mortgage-modification-bankruptcies-house-bill-has-loopholes/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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