[quote=justice4all]
Several people have requesting more information about the
significance of October 17th, 2005, and also what exactly is the
"October Surprised'' about that is being discussed on the low in
powerful political circles.
Now October 17th, 2005, is the date when the new bankruptcy laws
go into effect, and also the little know fact that this will
change the U.S.'s bankruptcy Status from a Chapter 11
Reorganization to a Chapter 7 Liquidation.
You're absolutely right. The new Bankruptcy law will make it harder to file Chapter 7 Liquidation. The courts will be pushing for the Chapter 13 reorganization. I know this because my wife and I are in Chapter 7 right now and our attorney told me a little about what this new law will do. It's ridiculous if you ask me because there are real people, in real trouble and there needs to be fresh start. IMO, reorganizing doesn't prevent the inevitable.....just prolongs it.
As for how we came to Chapter 7, well, that does not belong in this thread.
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“It is said that the world is in a state of bankruptcy, that the world owes the world more than the world can pay.” ~ Ralph Waldo Emerson
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