posted on March 13, 2005 12:06:07 PM new
Now the white house is a Bull. Make up your mind bigpeepa. Be more informed go to Military.com. Get the facts. pay figures etc.
Amendment Favoring Veterans Gains Passage
An amendment that will help low-income veterans[b/] gained passage in the Senate. The amendment was put forward by Sen. Jeff Sessions (R-Alabama) and offers special consideration in bankruptcy for low-income veterans, active-duty military, and people who have serious medical conditions. The measure, Amendment 23 to Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (S. 256), passed by a vote of 66-32. The new protection for veterans is part of a new income test that Congress is debating for those going through bankruptcy. The legislation seeks to help clarify whether those seeking bankruptcy protection must repay their debts or are allowed to have them canceled. A report by the National Consumer Law Center in 2003 noted that veterans are often targeted by an expensive scam in which streams of their military pension and benefits payments are purchased for a lump sum, with high interest rates, although federal law prohibits such schemes. Such schemes can drive military retirees into bankruptcy. More information on S. 256. [b]How do you feel about this measure? Contact your Senators now!
posted on March 13, 2005 12:37:28 PM new
peepa - It's easy to see that you OBVIOUSLY have trouble finding and READING the bill itself.
That's YOUR problem...doesn't mean the Senate didn't pass them.
And on the 16,000 you mention....there were/are guards activated that were NOT sent to war. Can you conceive of that fact?
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Four More Years....YES!!!
posted on March 13, 2005 08:53:56 PM new
Linda K has just posted another smoke screen. She never posts the whole story she only posts what she feels is a smoke screen to what this White House is really doing. Below is the law Linda K has just posted about. Hey people I don't want you to believe Linda K or me. Just READ the law yourself it.
Hey Linda can you say the Iraq war was manged well by this White House.
Hey Linda can you say the very unusual long deployment of American military personal ordered by this White House hasn't hurt the personal and their families.
Hey Linda, can you say this White House wasn't wrong when Bush was on that Aircraft carrier said the major fighting in the Iraq was over.
You even lie about the 16,000 active military personal that filed for bankruptcy in 2003. If they went to war or not makes no difference they were still active military personal and had to file for bankruptcy.
Looks like crowfarm hit it right when she said people like you really don't care about our troops you just pretend you do.
Congressional Legislation
Bankruptcy Abuse Prevention and Consumer Protection Act
Bill # S.256
About This Legislation:
This summary has been edited for length
Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 - Title I: Needs-Based Bankruptcy - (Sec. 101) Amends Federal bankruptcy law to revamp guidelines governing dismissal or conversion of a Chapter 7 liquidation (complete relief in bankruptcy), to one under either Chapter 11 (Reorganization), or Chapter 13 (Adjustment of Debts of an Individual with Regular Income).
Title II: Enhanced Consumer Protection - Subtitle A: Penalties for Abusive Creditor Practices - (Sec. 201) Cites circumstances under which the court may reduce a claim based upon unsecured consumer debts by up to 20 percent if the debtor can show by clear and convincing evidence that the claim was filed by a creditor who unreasonably refused to negotiate a reasonable alternative repayment schedule proposed by an approved credit counseling agency acting on the debtor's behalf.
Title III: Discouraging Bankruptcy Abuse - (Sec. 301) Modifies exceptions to a discharge in bankruptcy to prohibit discharge of a filing fee imposed by any court upon a prisoner.
Title IV: General and Small Business Bankruptcy Provisions - Subtitle A: General Business Bankruptcy Provisions - (Sec. 401) Denies a debtor an automatic stay of: (1) the commencement of an investigation or action by a securities self-regulatory organization to enforce compliance with its regulations; (2) the enforcement of any order or decision obtained by such an organization, other than for monetary sanctions; or (3) any act taken by the securities self-regulatory organization to delist, delete, or refuse to permit quotation of any stock that does not meet applicable regulatory requirements.
Title V: Municipal Bankruptcy Provisions - (Sec. 501) Makes technical amendments to requirements for a municipal bankruptcy petition.
Title VI: Bankruptcy Data - (Sec. 601) Amends the Federal judicial code to require the clerk of each district, or a specially certified clerk of the bankruptcy court, to compile bankruptcy statistics for individual debtors with primarily consumer debts seeking relief under chapters 7, 11, and 13. Directs the Administrative Office of the United States Courts (Administrative Office) to make such statistics public and to report them annually to Congress.
Title VII: Bankruptcy Tax Provisions - (Sec. 701) Amends the bankruptcy code to modify the treatment of certain tax liens.
Title VIII: Ancillary and Other Cross-Border Cases - (Sec. 801) Expands the scope of bankruptcy law to incorporate the Model Law on Cross-Border Insolvency, and to establish a statutory mechanism for: (1) dealing with cases of cross-border insolvency; and (2) cooperation between U.S. courts, trustees, and debtors and their foreign counterparts. Prescribes guidelines for: (1) access of foreign representatives and creditors to Federal and State courts; (2) recognition of a foreign proceeding and relief; (3) cooperation and direct communication with foreign courts and representatives; and (4) concurrent proceedings and the coordination of foreign and domestic proceedings.
Title IX: Financial Contract Provisions - (Sec. 901) Amends the Federal Deposit Insurance Act (FDIA) to redefine specified contracts, agreements, and transfers entered into with an insolvent insured depository institution before a conservator or receiver was appointed.
Title X: Protection of Family Farmers and Family Fishermen - (Sec. 1001) Amends the Federal bankruptcy code to reenact Chapter 12, Adjustment of Debts of a Family Farmer with Regular Annual Income, as amended by this Act (thereby reinstating permanently family farmer bankruptcy relief).
Title XI: Health Care and Employee Benefits - (Sec. 1102) Prescribes guidelines for disposal of the patient records of a health care business (not including a health maintenance organization) that commences a proceeding for debtor relief and the trustee does not have sufficient funds to pay for the storage of patient records as required by law.
Title X ...
Detailed, up-to-date bill status information on S.256.
