On the recordJuly 22, 2009
This proposal would have corrected an anomaly in the Bankruptcy Code that prohibits judges from modifying primary residence mortgages the way they can modify every other type of contract.
Source
congress.govEditor's note · Context
Whitehouse explains a proposed change to bankruptcy laws to assist homeowners.
Share & report
More from Sheldon Whitehouse
Jul 11, 2025
To deliberately ignore [the laws of physics] for short-term profits that set up people for huge, really bad impacts—if that’s not a good definition of evil, I don’t know what is.
Jul 10, 2025
Once this comes home to roost in people’s homes, in their family finances, in really harmful ways, that [will be] motivating in a way that we haven’t seen before around this issue.
Jul 2, 2025
cooked up in back rooms, cloaked in fake numbers (that) loots our country (for) the least deserving people you could imagine feels (like) a crime scene.
Jul 11, 2025
Once this comes home to roost in people’s homes, in their family finances, in really harmful ways, that [will be] motivating in a way that we haven’t seen before around this issue.
Other voices in this conversation
