Bankruptcy Alphabet: N is for Numbers and New Bankruptcy Laws

numbers

This article is part of my bankruptcy alphabet series People are Not Numbers When numbers are used to identify people, it’s usually when they are in prison.   The Bankruptcy laws used to be about helping out people (and businesses) in need.   They were about equitable solutions to serious financial problems.   Laws in general are [...]

Congress Votes Against Bankruptcy Modification

Today the U.S. House of Representatives voted against legislation that would have allowed homeowners to modify their loans on a principal residence in a bankruptcy case (Chapter 13).    This is at least the second time this amendment has come up for vote, and this time only 50 democrats voted in favor.   Thus, the bankruptcy law [...]