Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Ilaine who wrote (71319)	8/25/2009 11:56:53 AM
From: Nancy	Read Replies (1) of 74559

Aren't credit card debts are not forgiven in bankruptcy filings? Wasn't the change of the bankruptcy laws in either late 2006 or early 2007 that had caused a wave of bankruptcy filings, and the CC issuers went all-out to offer sign up bonuses for opening new cards because they then felt they did not have to fear a complete wipe-out of debt should the cardholder filed bankruptcy?

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