Please God let them pass Bankruptcy Modification soon.

[MrPerson]

[MrPerson]

1. I'm going to be a broken record about this.

[Minimus]

3. I am in process of filing but I do hope they reform it for those that may

have to make that same hard decision that I just made last week.

[Tikki]

4. I am with you there, MrPerson....

I am writing my useless Congressman tomorrow and taking a chance he might have actually listened tonight...and I
am writing my Senators...they both are on our side.


Tikki

[Staph]

2. A dear friend of mine goes into bankruptcy court Thursday.

I'm afraid it will be too late for her.

[MrPerson]

5. You can refile a couple times

The law may be changed in the next month.

It will apply to PENDING cases too.

[MrPerson]

6. I'm going to have to contact all 200 of my clients soon

to tell them their payment is going down.

A happy job.

[Bryn]

7. I missed this one

did Obama mention about changing Bankruptcy laws?

[MrPerson]

8. I didn't hear it.

[Bryn]

9. I think they should change it back to old bankruptcy law

it was lobbied by credit card companies and passed the reform with help of politicians even Biden!

[MrPerson]

10. That may come in a few years.

They like the means testing crap.

[Bryn]

11. I filed bankruptcy in 2003 so I was lucky

I had to do this when I fell into hard times. It was wonderful, nothing to be ashamed of. I reaffirmed my house and car. The rest was discharged. (Chap. 7) I would like to see people have this same opportunity that I had. Judges are there to read your files and your reasons. I had no problem. I am just an average person, not rich at all. I was lucky to get it before the reform. I feel so bad for many many people who really need it and are stuck plus credit companies are now raising interests for everyone making it so much harder. Obama needs to see this.

[MrPerson]

12. If you're under 36K a year nothing has changed

[Hassin Bin Sober]

13. I just had a friend file 7 @ 60k

The "means test" here is 40 something but you can still do a 7 if you have secured debt you are keeping - it can put you under the threshold.

I went with my friend for moral support. He was expecting to file 13 but the attorney worked it so he could go 7. He keeps the house and the car - neither have any equity so the court wont make him liquidate.