Ohio

Sick Over Defaults and Filing for Bankruptcy 

While Senate Bill 61, which may provide bankruptcy judges the ability to modify mortgage agreement, remains stuck in committee, the relationship of bankruptcy to mortgage default remains a hot issue. The “Helping Families Save Their Homes in Bankruptcy Act 2009” aims to protect borrowers who are recently made bankrupt. But what exactly would make a family need to file for this protection in the first place? And what do these families look like?