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Board certified Chapter 13 bankruptcy lawyers, even US Bankruptcy Court
Judges, all
hope for a definitive answers to common questions. When will Chapter 13 bankruptcy be explained
clear enough for efficient administration? Chapter 13 bankruptcy laws are in a
constant state of flux because of the politicization of Congressional procedures for enacting new laws.
What was once legal, is now forbidden. What was once creditor over-reaching, is now
the basis of state of the art representation for creditors.
The new conservatism driving the new Chapter 13 changes was based
upon political pressures excreted by the wealthiest banks, lenders and
financial institutions in the U.S., and ardently supported by the Bush
administration. Cries of foul, over reaching, and even accusations of
draconian tactics to punish debtors aside, the Republican majority
sheepishly followed White House directives.
The idea that debtors should repay the portion of their debts
within their personal capability is not revolutionary. This
controversial aspect of new laws pertains to the forced living
standard, up to five years. which falls well short of a poverty
existence. In one sense, plans are considered similar to a 5 year
conviction, with few services than provided inmates.
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