Video archive of the US Congress

House Proceeding 03-05-09 on Mar 5th, 2009 :: 1:07:10 to 1:09:00
Total video length: 1 hours 29 minutes Stream Tools: Stream Overview | Edit Time

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Bob Goodlatte

1:07:07 to 1:07:27( Edit History Discussion )

Bob Goodlatte: financial restrictions that bankruptcy requires. mr. chairman, i urge my colleagues to support this amendment, and i would like to reserve the balance of my time. the chair: the gentleman reserves the balance of his time. for what purpose does the gentleman from virginia rise? mr. goodlatte: mr. chairman, i rise to claim time in opposition to the amendment even though i am not oppos to

Bob Goodlatte

1:07:10 to 1:09:00( Edit History Discussion )
Speech By: Bob Goodlatte

Bob Goodlatte

1:07:28 to 1:07:48( Edit History Discussion )

Bob Goodlatte: the amendment. the chair: the gentleman is recognized. mr. goodlatte: mr. chairman, i yield myself such time as i may consume. the amendment reinstates a credit counseling requirement for chapter 13 bankruptcy petitioners that h.r. 1106 will strip entirely away. there's no good reason to wipe out the credit counseling. it benefits consumers by

Bob Goodlatte

1:07:49 to 1:08:09( Edit History Discussion )

Bob Goodlatte: providing the financial education needed to emerge successfully from bankruptcy. homeowners facing foreclosure are ideal candidates for credit counseling. this is not always because they can avoid bankruptcy. it is so often so that they can get help to increase their prospects of being successful after bankruptcy.

Bob Goodlatte

1:08:10 to 1:08:30( Edit History Discussion )

Bob Goodlatte: the vast majority of americans who receive credit counseling believe strongly that it benefits them. finally, credit counseling offers one last real opportunity for a homeowner to reach out to a lender and determine whether a loan modification is possible. the majority claims that many borrowers were hoodwinked into obtaining their loans. that's largely why the majority

Bob Goodlatte

1:08:31 to 1:08:51( Edit History Discussion )

Bob Goodlatte: wants homeowners to be able to take their loans into bankruptcy. but if credit counseling might show homeowners a better option than bankruptcy, why not let them try counseling? the amendment we're considering does not go far enough. it does not fully restore the requirement for counseling that is in current law. the rules committee should have made mr. forbes' credit

Bob Goodlatte

1:08:52 to 1:09:00( Edit History Discussion )

Bob Goodlatte: counseling amendment in order. that amendment would fully restore the counseling requirement and ensure that borrowers receive counseling before they file for

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