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	<title>WWR Bankruptcy &#62; Your Bankruptcy News &#38; Information Source &#187; Bankruptcy Act 2009</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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			<item>
		<title>Summer Is Here And The Temperature Is Not The Only Thing Rising</title>
		<link>http://wwrbankruptcy.com/2009/08/21/summer-is-here-and-the-temperature-is-not-the-only-thing-rising/</link>
		<comments>http://wwrbankruptcy.com/2009/08/21/summer-is-here-and-the-temperature-is-not-the-only-thing-rising/#comments</comments>
		<pubDate>Fri, 21 Aug 2009 13:00:13 +0000</pubDate>
		<dc:creator>Alan Hochheiser</dc:creator>
				<category><![CDATA[Bankruptcy Act 2009]]></category>
		<category><![CDATA[Bankruptcy Filings]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[bankruptcy legislation]]></category>
		<category><![CDATA[cram down]]></category>
		<category><![CDATA[increased filings]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=230</guid>
		<description><![CDATA[The number of Bankruptcy filings through the first half of the year has increased almost 37%. Business bankruptcy filings have increased in the first six months almost 110%. Over 1.5 million bankruptcies being filed this year could be a reality.  Things are also heating up again in Congress. The proposed cram down legislation, which was [...]]]></description>
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		<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>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Unintended Consequences: Bankruptcy Cram Down May Actually Case Decrease in Bankruptcy Filings</title>
		<link>http://wwrbankruptcy.com/2009/04/08/unintended-consequences-bankruptcy-cram-down-may-actually-case-decrease-in-bankruptcy-filings/</link>
		<comments>http://wwrbankruptcy.com/2009/04/08/unintended-consequences-bankruptcy-cram-down-may-actually-case-decrease-in-bankruptcy-filings/#comments</comments>
		<pubDate>Wed, 08 Apr 2009 20:12:14 +0000</pubDate>
		<dc:creator>Scott Fink</dc:creator>
				<category><![CDATA[Bankruptcy Act 2009]]></category>
		<category><![CDATA[Chapter 13]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[Add new tag]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[collateral]]></category>
		<category><![CDATA[cram down]]></category>
		<category><![CDATA[foreclosure]]></category>
		<category><![CDATA[loan modifications]]></category>
		<category><![CDATA[modification]]></category>
		<category><![CDATA[residential mortgage]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=191</guid>
		<description><![CDATA[With the proposed amendments to the Bankruptcy Code placed on temporary hold by Congress until at least late April, it seems appropriate to take a step back and examine the possible unintended consequences of the passage of such a law.
While providing troubled borrowers with an effective tool to rework their mortgage terms under the protection [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2009/04/08/unintended-consequences-bankruptcy-cram-down-may-actually-case-decrease-in-bankruptcy-filings/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<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>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>Ohio House Bill Proposes Mortgage &#8220;Cram Down&#8221; Without Filing Bankruptcy</title>
		<link>http://wwrbankruptcy.com/2009/03/11/ohio-house-bill-proposes-mortgage-cram-down-without-filing-bankruptcy/</link>
		<comments>http://wwrbankruptcy.com/2009/03/11/ohio-house-bill-proposes-mortgage-cram-down-without-filing-bankruptcy/#comments</comments>
		<pubDate>Wed, 11 Mar 2009 13:00:29 +0000</pubDate>
		<dc:creator>David Yunghans</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[Denise Driehaus]]></category>
		<category><![CDATA[foreclosure]]></category>
		<category><![CDATA[House Bill 3]]></category>
		<category><![CDATA[lender incentives]]></category>
		<category><![CDATA[loan modifications]]></category>
		<category><![CDATA[Mike Foley]]></category>
		<category><![CDATA[residential mortgage]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=164</guid>
		<description><![CDATA[Currently Congress is hammering out the details of a law that will change the Bankruptcy Code and grant bankruptcy judges the authority to cram down mortgage loans to the current market value of the real property and modify interest rates.  On February 17, 2009 Ohio representatives Mike Foley and Denise Driehaus introduced Ohio House Bill [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Mortgage Cram Downs in Bankruptcy: Congress Creating More Questions Than Answers</title>
		<link>http://wwrbankruptcy.com/2009/03/09/mortgage-cram-downs-in-bankruptcy-congress-creating-more-questions-than-answers/</link>
		<comments>http://wwrbankruptcy.com/2009/03/09/mortgage-cram-downs-in-bankruptcy-congress-creating-more-questions-than-answers/#comments</comments>
		<pubDate>Mon, 09 Mar 2009 14:56:07 +0000</pubDate>
		<dc:creator>Scott Fink</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[loan modifications]]></category>
		<category><![CDATA[residential mortgage]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=160</guid>
		<description><![CDATA[As proposed legislation winds its way through Congress, it would appear to be inevitable that mortgage lenders can expect to see a viable law within the next 90 days that will dramatically alter the manner in which mortgage loans are treated in bankruptcy.  While attempting to amend the Bankruptcy Code to enable borrowers to reduce [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2009/03/09/mortgage-cram-downs-in-bankruptcy-congress-creating-more-questions-than-answers/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>House Passes Bankruptcy Cram Down Bill</title>
		<link>http://wwrbankruptcy.com/2009/03/06/house-passes-bankruptcy-cram-down-bill/</link>
		<comments>http://wwrbankruptcy.com/2009/03/06/house-passes-bankruptcy-cram-down-bill/#comments</comments>
		<pubDate>Fri, 06 Mar 2009 16:29:59 +0000</pubDate>
		<dc:creator>Jack Day</dc:creator>
				<category><![CDATA[Bankruptcy Act 2009]]></category>
		<category><![CDATA[Chapter 13]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[amendment]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[conference committee]]></category>
		<category><![CDATA[cram down]]></category>
		<category><![CDATA[foreclosure]]></category>
		<category><![CDATA[fraud]]></category>
		<category><![CDATA[H.R. 1106]]></category>
		<category><![CDATA[loan modifications]]></category>
		<category><![CDATA[modification]]></category>
		<category><![CDATA[residential mortgage]]></category>
		<category><![CDATA[securitization agreement]]></category>
		<category><![CDATA[securitized loan]]></category>
		<category><![CDATA[servicer]]></category>
		<category><![CDATA[trustee's fee]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=157</guid>
		<description><![CDATA[Last night, the House of Representatives approved H.R. 1106 by a vote of 234-191, permitting bankruptcy judges to cram down residential mortgages to their current value, modifying variable interest rates to a fixed annual rate and extending the repayment period of up to 40 years. This part of the bill contains identical language to other [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2009/03/06/house-passes-bankruptcy-cram-down-bill/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Stretching Out the Loan Term: Will Lenders Be Stuck with New Terms Forever?</title>
		<link>http://wwrbankruptcy.com/2009/03/05/stretching-out-the-loan-term-will-lenders-be-stuck-with-new-terms-forever/</link>
		<comments>http://wwrbankruptcy.com/2009/03/05/stretching-out-the-loan-term-will-lenders-be-stuck-with-new-terms-forever/#comments</comments>
		<pubDate>Thu, 05 Mar 2009 17:30:04 +0000</pubDate>
		<dc:creator>Scott Fink</dc:creator>
				<category><![CDATA[Bankruptcy Act 2009]]></category>
		<category><![CDATA[Chapter 13]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[amendment]]></category>
		<category><![CDATA[assess risk]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[loan extension provision]]></category>
		<category><![CDATA[loan modifications]]></category>
		<category><![CDATA[modified terms]]></category>
		<category><![CDATA[refinancing]]></category>
		<category><![CDATA[repayment]]></category>
		<category><![CDATA[residential mortgage]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=153</guid>
		<description><![CDATA[One of the key components of the “Helping Families Save Their Homes in Bankruptcy Act of 2009”, currently pending in Congress, is a provision allowing a borrower to extend the repayment period on their mortgage loan for up to 40 years.  While such a provision appears straightforward at first glance, Congress to date has failed [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2009/03/05/stretching-out-the-loan-term-will-lenders-be-stuck-with-new-terms-forever/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Spike in Chapter 13 Filings Expected Upon Passage of Bankruptcy Law Amendments</title>
		<link>http://wwrbankruptcy.com/2009/03/02/spike-in-chapter-13-filings-expected-upon-passage-of-bankruptcy-law-amendments/</link>
		<comments>http://wwrbankruptcy.com/2009/03/02/spike-in-chapter-13-filings-expected-upon-passage-of-bankruptcy-law-amendments/#comments</comments>
		<pubDate>Mon, 02 Mar 2009 15:00:36 +0000</pubDate>
		<dc:creator>Scott Fink</dc:creator>
				<category><![CDATA[Bankruptcy Act 2009]]></category>
		<category><![CDATA[Chapter 13]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[collateral]]></category>
		<category><![CDATA[cram down]]></category>
		<category><![CDATA[loan modifications]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[residential mortgage]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=150</guid>
		<description><![CDATA[Recent anecdotal evidence suggests that creditors should expect to see a substantial increase in new Chapter 13 filings subsequent to passage of the “Helping Families Save Their Homes in Bankruptcy Act of 2009.” Many prominent debtor’s attorneys have indicated that they have a backlog of new cases waiting to be filed once this proposed Bill [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2009/03/02/spike-in-chapter-13-filings-expected-upon-passage-of-bankruptcy-law-amendments/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Obama&#8217;s Homeowner Affordability and Stability Plan: A Breakdown Part II</title>
		<link>http://wwrbankruptcy.com/2009/02/27/obamas-homeowner-affordability-and-stability-plan-a-breakdown-part-ii/</link>
		<comments>http://wwrbankruptcy.com/2009/02/27/obamas-homeowner-affordability-and-stability-plan-a-breakdown-part-ii/#comments</comments>
		<pubDate>Fri, 27 Feb 2009 13:00:29 +0000</pubDate>
		<dc:creator>Beth Schenz</dc:creator>
				<category><![CDATA[Bankruptcy Act 2009]]></category>
		<category><![CDATA[Homeowner Affordability & Stability Plan]]></category>
		<category><![CDATA[cram down]]></category>
		<category><![CDATA[Fannie Mae]]></category>
		<category><![CDATA[FHA]]></category>
		<category><![CDATA[Freddie Mac]]></category>
		<category><![CDATA[modification]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[residential mortgage]]></category>
		<category><![CDATA[unsecured debt]]></category>
		<category><![CDATA[VA]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=136</guid>
		<description><![CDATA[Bankruptcy Modifications
The Administration will continue to influence change in the bankruptcy rules to allow individuals to pay the fair market value under Court order.  Currently, the Administration is in talks with Congress and predicts a swift enactment of the reformed bankruptcy law.  Such reformation includes the following:

Debtors’ mortgage loans will be crammed down to the [...]]]></description>
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		<slash:comments>0</slash:comments>
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