This Election Likely Impacts the Bankruptcy Code
We would like to remind Florida voters in and outside of our community that this election will likely impact your rights under the United States Bankruptcy Code. For example, Barak Obama and others have proposed substantial reforms that would make it easier to cram down and reduce total outstanding indebtedness on mortgage obligations. There are both positive and negative arguments regarding this new proposal. Back in 2005, when new legislation was passed under President George Bush, reforming the code, many people were surprised by how these changes affected their ability to file and their rights under the code. We encourage our clients and all consumers to be aware, before you take large financial risks, of the consequences for you if that financial risk ends up not working in your favor. Bankruptcy laws are changing, and it is always good to refer to a qualified Florida bankruptcy lawyer for advice- a lawyer who knows not only the Florida state statutes regarding creditor and debtor disputes (which often play into a bankruptcy), but also knows of course the Bankruptcy code and applicable rules.
The Bartlett Law Firm does not officially endorse any candidate but encourages all voters to go out and vote after being informed on the issues.
