Open Left

I will say one thing about the Bankruptcy Bill...

As someone who had to file last year after my business failed and I borrowed a TON on my credit cards to keep it afloat and pay my bills (yes I realize the irony), I think the new law sucks.  BUT.... it does pretty much assure you of no surprises.  Those who get in CH 7 are in...They don't have to worry about a judge screwing them later.   Its the CH13ers that really got shafted, not to mention the BS length it stays on your record.  

Personally I am fine with limits on how many times you can file CH 7 in a time period.  Unless you get really sick and the CH7 is due to medical (which should be an exception), then there is something seriously wrong if you file twice in a few years time.   And abuse should not be tolerated (like the Simpsons where homer finishes his basement and then tries and files CH7)... but people should be allowed this forgiveness... It helps them out and really does give them a fresh starts.  There are a few aspects of the bill that aren't bad (required counseling for example) but it does need to be rewritten.

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by: yitbos96bb @ Mon Aug 18, 2008 at 13:58:47 PM CDT