FW: NCBJ Letter to Congress on mortgage modification bill
Posted: Mon Jan 26, 2009 3:38 pm
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The New Legislation:
Rick Curry has made this letter about the proposed legislation available to
me, but it has general interest for all.
I have thought about writing such a letter which deals with other
ambiguities and problems caused by the new proposed legislation. One of the
issues I would raise is the 109(e) problem of treating yet to be stripped
liens as unsecured claims for debt limits purposes. The other is that
provision about consumer protection issues. I still can't tell whether that
is intended to confer jurisdiction on, or remove jurisdiction from the
Bankruptcy Court regarding such issues.
I would not want to write such a letter unless there is general interest and
Board of Directors approval. Naturally I would circulate the proposed
letter to the Board and membership before sending it off.
David A. Tilem
Certified Bankruptcy Specialist*
Law Offices of David A. Tilem (a debt relief agency)
206 N. Jackson Street, #201, Glendale, CA 91206
Tel: 818-507-6000 Fax: 818-507-6800
* Bankruptcy specialist cert. by State Bar of CA Bd of Legal
Specialization.
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