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.

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.

Stretto will be available to host a training, the dates for which will be made public via the Court's website and email blast.