Posted by Michael Morrongiello on April 15, 2006 at 23:22:44:
Not sure what you mean by “more secure”…?
A Real Estate secured creditor is still a SECURED creditor whether it was under the prior bankruptcy laws or current law.
While the changes to the bankruptcy laws may make is far more difficult for debtors to seek refuge in bankrupcty in an attempt to try and get unsecured installment and revolving debts discharged, it does not affect the rights of a real estate secured creditor.
Best to your success;