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Well so much for a V shaped recovery that is jobless.
"The changes were designed to make it more difficult for people to shed their debt, particularly in a Chapter 7 filling. A "means" test, for example, was introduced to separate those who could afford to repay their debt from those who couldn't. A Chapter 7 filing is off the table if the means test determines a person is able to pay back at least a portion of the debt after it is restructured." From the link.
Chapter 7 is up chapter 13 is out. This was saposed to protect the lenders from having their principle forgiven.
Well whynot just gibven them the stimlulus money jobs. There must be millions of them since i don't see no massive infrastructure project having been finished.
The bankruptcy "reform" law passed in the mid 2000's was supposed to divert people from Chapter 7 to Chapter 13.
However, so many people have "gamed" the system. The loophole is to get into even bigger financial trouble (bigger gambles etc). The more you are in debt, the greater so chances of filing for Chapter 7.
At least the DemCOMMI's media outlets keep telling us that things are looking up. Obama even keeps hinting that things are improving.
I read almost daily on this forum how great things are.
But then the facts come into play:
Record foreclosures 6 months in a row
Record bankruptcies
Record homeless
Record job losses and plant closings
Record car repo's
Record debts
9 million jobs losses
Gosh, when will the records stops under Obamas watch?
Maybe they should give him the Heisman Trophy for being such a total FAILURE or something.
Its all in the plan folks, its all in the plan.
If you are down and out and are weak, the government can control your every move which is what Obama and his band of Marxist want.
Well so much for a V shaped recovery that is jobless.
"The changes were designed to make it more difficult for people to shed their debt, particularly in a Chapter 7 filling. A "means" test, for example, was introduced to separate those who could afford to repay their debt from those who couldn't. A Chapter 7 filing is off the table if the means test determines a person is able to pay back at least a portion of the debt after it is restructured." From the link.
Chapter 7 is up chapter 13 is out. This was saposed to protect the lenders from having their principle forgiven.
Who's sorry now? Volumes of petitions for legislation to allow preventive measures for foreclosure prior to official mortgage meltdown were the harbinger of mass casualties to follow. I wish parties would get over themselves and listen to reason with fairness in mind. Nothing reasonable may exist in DC so long as gov't defines it's purpose as defending business at the expense of the people.
Wait and see when the Adolf " I wont raise your taxes one dime" Obama hits us with the VAT's.
People will have to sell of their home furnishings to eat.
Just the way he wants it.
Have you purchased your REQUIRED and GOVERNMENT FORCED HC yet?
You might have to file bankruptcy to be able to afford the forced HC since he wants to take your last dime by force.
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