TAMPA CRIMINAL DEFENSE ATTORNEY
Tampa Criminal Defense Attorneys at the Galewski Law Group understand that drunk
driving or criminal charges are not just a case, but a question of your freedom and legal
privileges. Our experience includes service to the New York Supreme Court’s criminal
prosecution calendar, as well service to the appellate jurisdiction, servicing criminal
appellate cases, of Florida’s Eighth Judicial Circuit. In Addition,our Tampa DUI Defense
Attorneys have experience working with the Hillsborough County's Public Defender's
Office, which involved appearances on over 1,000 DUI cases. Our Tampa Criminal
Defense Attorneys use this experience to assure the best results under the
circumstances.
Your Tampa Criminal Defense Attorneys have seen many accused lose their freedoms by
taking advice from inmates or friends and we are here to provide knowledgeable legal
counsel and to help you navigate through this troubling time. If you are accused of a
crime or DUI, your Tampa Criminal Defense Lawyer will work to prove your innocence or
to negotiate the most freedom. Remember it is your freedom on the line, do not speak to
the authorities until you have consulted with a Tampa Criminal Defense Attorney.
Click Here for your Tampa Criminal Defense Attorneys' Answers to Criminal Defense FAQ.
Click Here for your Tampa DUI Defense Attorneys' Answers to DUI Defense FAQ.
Click Here for a Free Consultation with your Tampa Criminal & Defense Attorney.
Tampa Attorney
GALEWSKI LAW GROUP, P.A.
|
Tampa Bankruptcy Attorney’s Update to the Bankruptcy Mortgage Reduction or Bankruptcy Mortgage Modification
Amendments:
Senate Rejects Mortgage Cramdown Provision
The Senate defeated by 51 to 45 votes an amendment to the Helping Families Save Their Homes Act that would have granted bankruptcy judges broad
authority to modify the mortgage terms for at-risk homeowners.
Assistant Senate Majority Leader Dick Durbin, D-Ill., chief sponsor of the ‘cramdown’ provision, said he was disappointed with the vote but would continue to
bring the issue to the floor “until the Senate decides to put the interests of homeowners above the interests of bankers.” Durbin noted that the number of
homeowners at risk of losing their homes now stands at over eight million, compared to nearly two million only two years ago.
“We’ve given the bankers who got us into this crisis every opportunity to responsibly address this crisis and they have failed,” Durbin said.
The White House said that notwithstanding the Senate vote on the Durbin amendment it looks forward to working with Congress to craft “appropriately tailored
legislation to provide a mechanism for homeowners who are out of other options to file for bankruptcy and implement a responsible plan to pay the debts that
they are able to pay.”
Meanwhile, Senate Minority Leader Mitch McConnell, R-Ky., said the provision would have lead to higher interest rates and even greater uncertainty in the
housing and credit markets. “It’s clear that we cannot fix the housing problem by implementing bad policies,” he said.
The American Bankers Association agreed, noting that Congress and the administration have taken several strong steps to help troubled borrowers and get
the economy back on track. “Giving bankruptcy judges broad cramdown authority would work against those efforts and effectively undermine the goal of
stabilizing the housing market,” the association said.
Analysis: Your Tampa Bankruptcy Lawyer notes that this means that for the time a Bankruptcy cannot be used to
reduce the principal amount due on a first mortgage, but since the House has passed the Bankruptcy Reform Bill,
it is possible that a Bankruptcy Judge may have the authority to cramdown or modify a mortgage in the near
future.