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.
According to them, the gains from trade have gone mostly to the developed nations of the world. Liberalization of trade policies, reduction of tariffs and globalization have adversely affected the industrial setups of the less developed and developing economies. As an aftermath of liberalization, majority of the infant industries in these nations have closed their operations.