Mortgage Issues

Bankruptcy Rule 3002.1: An Unlikely New Weapon Against Debtors

01/09/17

It has been five years since Congress and the U.S. Supreme Court enacted Bankruptcy Rule 3002.1.  Hailed as a victory for homeowners against greedy mortgage banks, the rule was designed to force banks to certify to the court that the homeowner was current in payments at the conclusion of a chapter 13 case.

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