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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (28077)	3/8/2005 12:33:10 PM
From: mishedlo	Read Replies (4) of 110194

What affect do you think bankruptcy reform will have if any? It looks like it is going to increase bankruptcy costs, keep some marginal cases owing the company store with garnished wages for something like forever, and probably not prevent a lot of chapter 7's anyway with the wage cutoff that is being discussed. =============================================== Rewriting bankruptcy laws – at what cost? Message 21114358 Credit Card Firms Won as Users Lost They sought new laws but found ways to make money even on people who went bankrupt. newsday.com Credit Card Penalties, Fees Bury Debtors Senate Nears Action On Bankruptcy Curbs The Senate is to vote as soon as this week on a bill that would make it harder for individuals to wipe out debt through bankruptcy. The Senate last week voted down several amendments intended to curb excessive fees and other practices that critics of the industry say are abusive. Message 21113063

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