A bill allowing bankruptcy judges to lower mortgage payments was approved by the House a few weeks ago. It has been sent to the Senate for approval. The bill should give a bankruptcy judge permission to reduce the principal and interest rates on any mortgages in trouble. A bill has already been passed that allows a bankruptcy judge to modify car loan and student loan payments. Prior to the bill being passed by the House, major banks and lenders opposed the bill claiming it would eventually drive up housing costs. But this bill should offer great relief to homeowners who have struggled to meet their monthly mortgage payments but are no longer able to make payments. If you are interested in more information about mortgage relief visit the following website: www.loanmodificationhelpcenter.org .

If you live in Denver, Aurora, Arvada, Brighton, Broomfield, Commerce City, Englewood, Highlands Ranch, Lakewood, Lafayette, Littleton, Northglenn, Westminster, Wheat Ridge, or Golden, Colorado, please feel free to contact me with any questions.

Kevin D. Heupel, Colorado Bankruptcy lawyer,303-955-7570, COBankruptcyHelpEmail, free-consultation form.