She has secured debts on her residence (value: $69, 000; debt: $67, 150) and 1994 Chevrolet Cavalier (value: $5, 225; debt: $6, 739), ... Expedited Chapter 13 was filed on January 15, 1998, because the debtora#39;s house had been auctioned at foreclosure sale on January 5, 1998. ... The reality is that more debtors use the bankruptcy system because more debtors are having serious financial problems.
|Author||:||United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Financial Institutions and Regulatory Relief, United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs|