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	<title>WWR Bankruptcy &#62; Your Bankruptcy News &#38; Information Source &#187; unsecured debt</title>
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	<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>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>

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		<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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		<title>Eligibility For Relief in Chapter 13: Debt Limits &#8212; Proposed Legislation</title>
		<link>http://wwrbankruptcy.com/2009/02/21/eligibility-for-relief-in-chapter-13-debt-limits-proposed-legislation/</link>
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		<pubDate>Sat, 21 Feb 2009 13:00:12 +0000</pubDate>
		<dc:creator>Monette Cope</dc:creator>
				<category><![CDATA[Chapter 13]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[foreclosure]]></category>
		<category><![CDATA[Section 109 of title 11]]></category>
		<category><![CDATA[undersecured]]></category>
		<category><![CDATA[unsecured debt]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=121</guid>
		<description><![CDATA[Section 109 of title 11, United States Code, is amended&#8211;
(1) by adding at the end of subsection (e) the following: `For purposes of this subsection, the computation of debts shall not include the secured or unsecured portions of&#8211;
`(1) debts secured by the debtor&#8217;s principal residence if the current value of that residence is less than [...]]]></description>
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