Obama Calls for Bankruptcy Law Change

by Jill Michaux

August 29, 2008

Senator Barrack Obama called for bankruptcy law change in his presidential nomination acceptance speech before the Democrat National Convention Thursday night (08/28/08) in Denver.

“That’s the promise we need to keep. That’s the change we need right now . . . let me spell out exactly what that change would mean if I am president,” Obama said.  “Now is the time to change our bankruptcy laws, so that your pensions are protected ahead of CEO bonuses . . .”

Bankruptcy law change was one of 29 changes called for by the Democrat Party nominee for election as president of the United States.  It is testament to the urgency of economic issues that the topic of bankruptcy is highlighted in the presidential election speech.

Read more Bankruptcy Law Network posts on bankruptcy in presidential election politics:

  • Obama Biden & Bankruptcy. What is Really Going on Here? by Carmen Dellutri, southwest Florida bankruptcy attorney.
  • Obama and McCain’s Votes on Bankruptcy Amendments by Brett Weiss, Maryland bankruptcy attorney.
  • Barack Obama on Bankruptcy Reform by Brett Weiss.
  • Obama vs McCain on Bankruptcy by Brett Weiss.
  • Barack Obama on Bankruptcy/Credit Reform by Brett Weiss
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Jill Michaux has helped Kansas consumers with debt problems for three decades. She and her partner, Mark Neis, are Topeka's only bankruptcy specialists, board certified in consumer bankruptcy law by the American Board of Certification. She help start the National Association of Consumer Bankruptcy Attorneys.

Last modified: May 7, 2014