In todays economy, millions of americans are filing for foreclosure, and the housing is going to continue to go down hill according to this article. In an attempt to help struggling homeowners, the U.S. government enacted the 'Conyers Bill' in 2007. The Conyers Bill provides relief to select homeowners who want to keep the ownership of their home in the event of bankruptcy.
Im glad that the government finally did something to help the struggling people of America. My family has been very fortunate and has never had to go through a foreclosure, but there are millions of americans who are alot less fortunate. The government will kick you out of your house if you do not keep the payments up. I do not believe this is a total solution to the foreclosure problem, but it is a start.
http://ezinearticles.com/?Mortgage-Bankruptcy---Can-the-Conyers-Bill-Save-Your-Home-From-Foreclosure?&id=1923961
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