Loans, Debt & Credit - View Single Post - Obama Bankruptcy Bill At Risk

jhn_plsn · 03-02-2009, 12:17 PM

This is not good news. I was looking forward to this passing as I am sure many were. I do understand that the banks may not be able to weather this big a hit and there needs to be some middle ground, but if you and I can get shored up a bit we could get this economy going again. I'm due for a newer car and stuff like that.
I will admit that I was lucky enough to have Downey Savings adjust my first but it looks like I may have to do a chapter 13 BK to deal with the 2nd. All I was asking them(Countrywide/BofA) to do was lock in a mutually benifitial fixed rate for the life of the loan, but they said no. Will I feel bad about cramming them down???

03-02-2009, 12:17 PM	#2 (permalink)
jhn_plsn Senior Member Join Date: Apr 2008 Location: Riverside, Ca Posts: 136 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Obama Bankruptcy Bill At Risk - No Teeth Water Down ? This is not good news. I was looking forward to this passing as I am sure many were. I do understand that the banks may not be able to weather this big a hit and there needs to be some middle ground, but if you and I can get shored up a bit we could get this economy going again. I'm due for a newer car and stuff like that. I will admit that I was lucky enough to have Downey Savings adjust my first but it looks like I may have to do a chapter 13 BK to deal with the 2nd. All I was asking them(Countrywide/BofA) to do was lock in a mutually benifitial fixed rate for the life of the loan, but they said no. Will I feel bad about cramming them down???