There are basically two ways to handle post-petition consumer debt in your Chapter 13 bankruptcy: 1  Incur the debt without court approval. If you do this, you can either pay the debt outside your plan, or attempt to include it in your plan by seeking a plan amendment. 2  Incur the debt with prior court approval.
Freebase(0.00 / 0 votes)Rate this definition: Liberalization. In general, liberalization refers to a relaxation of previous government restrictions, usually in areas of social or economic policy. In some contexts this process or concept is often, but not always, referred to as deregulation.
libâ¢erâ¢alâ¢ism. 1. the quality or state of being liberal, as in behavior or attitude. 2. a political and social philosophy advocating individual freedom, representational forms of government, progress and reform, and protection of civil liberties. 3. (sometimes cap. ) the principles and practices of a liberal party in politics.