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To: mishedlo who wrote (24723)	3/2/2005 12:41:23 PM
From: Amy J	Respond to of 116555

Misheldo, talk about driving blind while legislating a bill: nytimes.com Senator Charles E. Grassley, an Iowa Republican, is the main sponsor of the bankruptcy bill. His press secretary, Beth Levine, said the senator's staff was unaware of the trusts and the loophole for the wealthy that they represented. "The senator is always open to suggestions for closing these loopholes," she said.

To: mishedlo who wrote (24723)	3/2/2005 1:31:24 PM
From: Ken98	Read Replies (1) \| Respond to of 116555

The new bankruptcy bill was bought and paid for by the big credit card companies, several of which are headquartered in Delaware. The fact that there is a loophole for these trusts should not be surprising because several of largest of the trustee institutions are likewise headquartered in Delaware. Why do you think Sen. Biden voted to support this bill, notwithstanding his occasional populist rantings?? And, not too many folks with the wherewithall to set up one of these trusts is likely to declare bankruptcy with big credit card bills. This bill is aimed squarely at the schmuck making $50-100k carrying high credit card bills who loses his job.

To: mishedlo who wrote (24723)	3/2/2005 1:48:07 PM
From: ThirdEye	Respond to of 116555

American seniors rack up debt like never before todaysseniorsnetwork.com <snip> Although older Americans account for a small proportion of total personal bankruptcy filings, they are the fastest-growing group in bankruptcy. About 82,000 Americans 65 or older filed for bankruptcy in 2001, up 244% from 1991, according to the Consumer Bankruptcy Project, a study done at Harvard. <snip> Nearly half of the elderly people who end up in bankruptcy say that they filed because of a medical reason, the Harvard study found. <snip> Out-of-pocket health care expenses for seniors increased nearly 50% from 1999 to 2001, according to a report by the Commonwealth Fund. The costs are likely to go up as more employers eliminate retiree health benefits, which typically provide supplemental drug coverage. This can all only going to get worse.

To: mishedlo who wrote (24723)	3/2/2005 1:56:36 PM
From: Roads End	Read Replies (3) \| Respond to of 116555

Re actually makes it harder for everyone to declare bankruptcy. Are you saying it should be made easier to declare bankruptcy? As a small business owner I've been screwed too many times by guys taking the easy way out through bankruptcy. There are predatory lenders out there all right but there are a lot more dishonest debtors in my experience.