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Obama Supports Changes to Bankruptcy Process
In a speech given earlier in July, Senator Barack Obama has come forward to tell the American people that he has plans to change the bankruptcy laws to help ease the burden on certain groups of citizens like the elderly and military. He openly criticized his opponent, Senator John McCain for putting the needs of credit card companies and banks ahead of the average worker, according to an Atlanta Journal-Constitution story.It's been a long time since there has been somebody in Washington to fight for the honest, average hard working American and help them get through this struggle of overwhelming debt. Quoted in a Wall Street Journal Article, law professor Robert Lawless of the University of Illinois indicated how Obama's targeted proposals are about as far as someone can go without saying that he would undo the 2005 bankruptcy law.
St. Louis, Missouri and Illinois bankruptcy attorney James Brown with Castle Law Office has been battling the credit industry for over 15 years helping over 20,000 families get the debt relief they need through a Chapter 7 or Chapter 13 bankruptcy case.
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