Wednesday, February 08, 2006

Cleaver's (D-Visa) Bankruptcy Law Hurts People

A friend forwarded Judge Frank Monroe's opinion in In re: Sosa. Judge Monroe, a respected and experienced bankruptcy judge, was forced in that case to dismiss a working couple's petition for bankruptcy because they had not complied with provisions that are "inane," "absurd" and incomprehensible to "any rational human being." These provisions were passed in 2005, and one of the few democrats crossing the aisle to help defeat this couple's attempt to keep their mobile home was none other than Mayor Cleaver - a man I respect and appreciate, but who made a horrible mistake on this one.

Read the opinion - it captures the frustration of a good judge applying bad law - bad law brought about by Congressmen who are beholden to credit card companies (and perhaps a certain highly successful mortgage company here in Kansas City?). As stated by Judge Monroe, "it is not the individual consumers of this country that make the donations to the members of Congress that allow them to be elected and re-elected and re-elected and re-elected."

1 Comments:

Blogger reverse_vampyr said...

This whole new bankruptcy law thing stinks to high heaven. Pretty soon, credit card companies will be allowed to build their own debtors prisons. Oh wait, they already have that, it's called fees and interest.

2/09/2006 10:38 AM  

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