Holding a city to its promise can be done – olp09.wordpress.com 07/27/2009 Most of us want to respect the government, especially local government. We expect local government to keep its promises. But the law relating to cities, towns and villages (which are all lumped together in the category “municipal corporations” or “municipalities”) cuts them some slack. A city council, board of aldermen or village board can adopt an ordinance and lawfully repeal it later.

According to the new bankruptcy laws, individuals with higher income can no longer qualify for Chapter 7 bankruptcy. These individuals will have to repay at least a portion of the debt under Chapter 13. The new laws require all debtors to go through debt counseling before they want their debts to be wiped off. This new law has made it difficult for everyone to file bankruptcy. For many individuals, filing bankruptcy was an easy way out of a massive debt they had no plans to pay.