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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: epicure who wrote (14727)	3/18/2006 2:12:55 PM
From: Ilaine	Respond to of 540804

I don't think it was intentional. I have heard through the grapevine that the people who actually drafted the bill were young people with no experience in bankruptcy law. The lawyers and judges who actually know a lot about bankruptcy law were fighting each other too intensely over the intended policy of tightening up the process that they didn't actually get involved in the process. It's also possible that this was just a cynical ploy, a sop to throw to the credit industry. The reason I float this suggestion is that the ABI, American Bankruptcy Institute, predicted that more than 90% of people who were able to file Chapter 7 before the change in the law would still be able to do so. It does seem to me that outright fraud will be more difficult.