JDPriestly
(1000+ posts)
Send PM |
Profile |
Ignore
|
Wed Mar-09-05 02:03 PM
Original message |
| Increase protection for home in bankruptcy |
|
Any California bankruptcy attorneys out there? I may be wrong, but I believe that California law will not protect bankrupt Californians from losing their homes if the new bankruptcy laws are passed.
I think the proposed bankruptcy law allows states to decide to what extent the home of a person filing for bankruptcy will be shielded from creditors. And, I believe that California law does not provide much protection at all.
We California Democrats can do something about this on a state level. Greedy banks should not be able to take people's primary residences. Other states give their citizens much better protection on this I believe.
This is an issue that will divide the Democrats from the Republicans. As on Social Security, it hits people in their wallets. No one wants to lose their home in case of huge medical expenses or unemployment. Democrats should win big on this one. Let's see where Schwarzenegger comes out on it. He certainly won't be on the side of the little guys. Let's write our state senators and assemblypeople on this issue.
|
| Sugarbleus
(1000+ posts)
Send PM |
Profile |
Ignore
|
Wed Mar-09-05 02:10 PM
Response to Original message |
| 1. My sister is going to be drastically affected by this |
|
law. He husband died two years ago and left her with ENORMOUS medical bills. She talked about bankruptcy in order to keep her house and get them off her back...Now, I don't know what she's going to do.
She didn't "charge" the bills; they are from the hospitals. I wonder how this will affect her trying to sell her house to move into something smaller and more affordable??? Will they attach her equity?
|
| shraby
(1000+ posts)
Send PM |
Profile |
Ignore
|
Wed Mar-09-05 02:12 PM
Response to Reply #1 |
| 3. Maybe she should file before this |
| Sugarbleus
(1000+ posts)
Send PM |
Profile |
Ignore
|
Wed Mar-09-05 02:26 PM
Response to Reply #3 |
| 7. I shall be contacting her to see what she thinks... |
|
What a mess eh? Who would have believed ANY of this crapola 10 years ago!!!??
|
| RaleighNCDUer
(1000+ posts)
Send PM |
Profile |
Ignore
|
Wed Mar-09-05 02:12 PM
Response to Original message |
| 2. Ahnold: "So vhat if sey loose sehr hohms? Sey can alvays chust |
|
moof into sehr beach house!"
|
| Sugarbleus
(1000+ posts)
Send PM |
Profile |
Ignore
|
Wed Mar-09-05 02:25 PM
Response to Reply #2 |
| 6. lol...so very well said... |
| genius
(1000+ posts)
Send PM |
Profile |
Ignore
|
Wed Mar-09-05 02:14 PM
Response to Original message |
| 4. Let's all contact our legislatures and demand increased protection. |
| Sugarbleus
(1000+ posts)
Send PM |
Profile |
Ignore
|
Wed Mar-09-05 02:23 PM
Response to Reply #4 |
| 5. Sounds right to me..eom |
DU
AdBot (1000+ posts)     |
Sat May 11th 2024, 10:14 AM
Response to Original message |
Printer-friendly format
Email this thread to a friend
Bookmark this thread
