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.
Definition of liberal. : a person who is liberal: such asa : one who is open-minded or not strict in the observance of orthodox, traditional, or established forms or waysb capitalized : a member or supporter of a liberal political party (see 1liberal 6)c : an advocate or adherent of liberalism especially in individual rights.