Durbin, Specter aim for deal on bankruptcy code

Holzer, Jessica
October 2007
Hill;10/5/2007, Vol. 14 Issue 117, p11
The article reports that Senate Majority Whip Dick Durbin and Senator Arlen Specter have tried to strike a deal on legislation to tear the bankruptcy code to save the borrowers from losing their homes. The two lawmakers have introduced separate bills to use the code to help prevent foreclosures in the sub-prime mortgage market. The deal between Dublin and Specter is expected to produce strong response by Congress to the woes of sub-prime borrowers and the fight of risky mortgage lending.


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