This new directive provides a powerful resource to homeowners who are faced with mortgages that they can no longer afford.  Where once they had to make a decision to hold off on bankruptcy until they went through the mortgage modification process, now they can get bankruptcy relief and possibly get a mortgage modification from their mortgage company at the same time.

If you have any questions about whether you qualify for a mortgage modification or whether bankruptcy is right for you, then please give New Jersey Bankruptcy Attorney, Stefan Coleman a call today to set up a free over-the-phone consultation.