The federal bankruptcy courts rolled out short web videos on basic bankruptcy topics for consumers considering filing bankruptcy.
The first video explains that bankruptcy is a legal process for individuals who cannot pay their debts, which stops debt collection and discharges the debts.
All eight videos can be viewed on bankruptcykansas.info or the courts website.
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Legislation that would have allowed for bankruptcy court-supervised loan modifications in some limited circumstances, sometimes called lien stripping, was stripped from the Wall Street bailout bill in Congress this weekend after protests from the mortgage bankers. The Center for Responsible Lending had predicted that the proposed legislation would have resulted in 3,587 fewer Kansas homes [...]
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