S.61: Helping Families Save Their Homes in Bankruptcy Act of 2009

About This Bill

  • This bill was introduced in the 111th Congress
  • This bill is primarily about finance and financial sector
  • Introduced Jan. 6, 2009
  • Latest Major Action Jan. 6, 2009

Bill Summary

Helping Families Save their Homes in Bankruptcy Act of 2009 - Amends federal bankruptcy law governing a Chapter 13 debtor (adjustment of debts of an individual with regular income). Excludes from computation of debts the secured or unsecured portions of: (1) debts secured by the debtor's principal residence if the current value of that residence is less than the secured debt limit; or (2) debts secured or formerly secured by debtor's principal...

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There are 2 statements associated with S.61.

Bill Actions

Date Description
Sponsor introductory remarks on measure.
Read twice and referred to the Committee on the Judiciary.
Jan. 6, 2009

Introduced in the Senate by Richard J. Durbin (D-Ill.)

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