What Does Elizabeth Warren Appointment to Banking Committee Mean for Chicago Bankruptcy?

Elizabeth Warren (D) won the Massachusetts Senator election race over Republican incumbent Scott Brown in November, and many believe she would be a natural fit for the powerful Senate banking committee. Warren is an American bankruptcy law expert and a Harvard Law School professor. Warren certainly has outstanding credentials-she was named the 2009 Boston Globe's Bostonian of the Year, and she was listed in Time Magazine's 100 Most Influential People in the World in 2009 and 2010.

Warren has a reputation for being a consumer advocate, standing up to banks and credit card companies. Warren is the first female senator in Massachusetts' history.

Many big banks are not fans of Warren and her policies. Warren is certainly qualified, and most believe that if she wants to serve on the committee she will be named to it.

"The leadership and committee chairmen usually work together to try to accommodate incoming senators’ preferences, within reason," one Senate Democratic aide told Reuters. "If Senator-Elect Warren indicates she'd like to serve on the banking committee, given her prominent work on those issues, she would certainly have a very good shot."

It is hard to speculate exactly what it would mean if Warren is named to the committee, but most experts believe she would continue to be a consumer advocate.

Please visit our site for bankruptcy information, and contact our firm for a free consultation.

Benjamin Brand Services-Chicago bankruptcy attorney.

Start Your Questionnaire

How may we help you?

Schedule an appointment today.

Why Choose Us?

  • You can meet with an experienced law Partner in the Firm not some associate.
  • We concentrate in foreclosure defense and bankruptcy so we have more options to offer you then other attorneys
  • We also represent individuals in Chapter 11's that offer better loan workout and restructuring options then Chapter 13 and most bankruptcy lawyers do not know how to do it.
  • We offer a free no obligation consultation where we will discuss your option or options, tell you the pros and cons of each one, the fees and costs and help you make an informed decision. There can be more then one solution!
  • We offer affordable payment plans and fixed fees in most cases.