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.
Liberalization refers to laws or rules being liberalized, or relaxed, by a government. You might talk about the liberalization of marriage laws in states that allow same-sex marriage. Liberalization came to the English language in 1835, from the word liberal. Literally translated, it means the act of making more liberal, or freer. While liberal is used to refer to more than just politicsââyou can have liberal parentsââliberalization is used only when speaking of economic or social policies or other government regulations.