Effective October 1, 2024, the Eastern District of Louisiana Bankruptcy Court has established the voluntary Loan Modification Management (LMM) Program. General Order 2024-3 implements this program and provides procedures for the process.
Register here for LMM virtual training session hosted by Stretto. Training will be held via Zoom on Thursday, November 14, 2024 at 12 p.m. (CST).
Overview:
The LMM Program is designed to function as a forum for debtors and creditors to reach a consensual resolution when a debtor’s property is at risk of foreclosure. The goal of the LMM Program is to facilitate communication and an exchange of information in a confidential setting and to encourage the parties to finalize a feasible and beneficial agreement under the supervision of the Court.
CM/ECF Event Codes:
Motion to Commence Loan Modification Management (LMM) Program
Note: A Certification of LMM Eligibility and Readiness MUST be filed as an attachment.
Opposition to Motion to Commence Loan Modification Management (LMM) Program
Motion to Extend Loan Modification Management (LMM) Program Period
Motion to Terminate Loan Modification Management (LMM) Program
Motion to Approve Trial Loan Modification Agreement (LMM)
Motion to Authorize Loan Modification (LMM)
Form Templates:
Motion to Commence LMM Program (Word version)
Certification of LMM Eligibility and Readiness (Word version)
Notice of Successor Creditor (Word version)
Notice of Non-Compliance (Word version)
Login and Register:
Training and Resources:
Stretto will be available to host a training, the dates for which will be made public via the Court's website and email blast.
Portal Help Resources - https://help.dclmwp.com/en/