February 11th, 2009 by Reed Allmand 
Allmand & Lee meet with Senate and Congressional leaders this week to bring attention to the importance of reforming bankruptcy laws to protect American homeowners facing foreclosure in this current crisis. In an effort to help homeowners avoid foreclosure, Allmand & Lee are urging legislators to quickly pass H.R. 200 as approved by the Judiciary Committee and S. 61 as introduced by Senator Durbin (and others) which will allow homeowners facing foreclosure to modify their mortgage during Chapter 13 bankruptcy. This legislation is a "must pass" measure as it is expected that during this crisis over 8.1 million Americans will lose their homes to foreclosure if measures are not passed that allow modification of toxic mortgage loans during bankruptcy.
In an effort, to stop the flow of foreclosures, Allmand & Lee are taking this unique opportunity to participate in the legislative process; but greater community involvement is necessary to be fully effective. Contact your legislators today to let them know that you support H.R. 200 as approved by the Judiciary Committee and S. 61 as introduced by Senator Durbin (a.k.a. "Helping Families Save Their Homes In Bankruptcy Act of 2009) allowing homeowners to modify their mortgages during Chapter 13 bankruptcy.
About Reed Allmand
Allmand's vision is rooted in his own financially precarious childhood in Abilene "My father always had difficulty holding a job and supporting our family, so after my parents divorced when I was 12, my sister and I got jobs to help make ends meet," he recalls. "I remember what it felt like as a child to worry that our car would be repossessed or home foreclosed on."
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