LexisNexis® Bankruptcy Law Community Podcast featuring Hon. Cecelia G. Morris, John Rao and Asha Shravah on Court-Supervised Loss Mitigation Programs

On this edition, Hon. Cecelia G. Morris, U.S. Bankruptcy Judge for the Southern District of New York, John Rao, attorney with the National Consumer Law Center in Boston, and Asha Shravah, Senior Associate in the bankruptcy department of Rosicki, Rosicki and Associates, P.C., discuss the loss mitigation program in the U.S. Bankruptcy Court for the Southern District of New York that allows debtors and creditors to negotiate mortgage loan modifications to avoid foreclosure. They talk about the court-supervised mediation program's success, feedback from the courts and the bar and possibility of the program's expansion to other courts. Copyright© 2010 LexisNexis, a division of Reed Elsevier Inc. All rights reserved. Visit www.lexisnexis.com/community/bankruptcylaw.