bankruptcy questions

Attorney Carl Person reports on his meeting with the SDNY Bankruptcy Judge who handles all Chapter 13 cases for the SDNY and outlines the requirements for making use of Chapter 13. Also, Person describes the limitations of Chapter 13. Chapter 13 when successful usually results in something akin to a forbearance agreement, rather than a loan modification agreement, although some Bankruptcy Courts have started a mediation program that sometimes results in a loan modification agreement. Person describes the typical case for which Chapter 13 seems to have in mind. Also, Person asks viewers to get active in the political process, starting very near the top, by joining the Libertarian Party in the viewer’s state, as well as a local Libertarian group, and then seek appointment as a voting delegate to the Libertarian Party National Convention to be held in Las Vegas from May 4-6, 2012. In this way viewers can help change the way in which foreclosures are taking place. The Republican and Democratic Parties are not the answer. They are the problem.

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