Wow...
Where have I been? I didn't even know that the bill had made it that far.
Personally, I think this is terrible...
I understand that a lot of people abused bankruptcy, but this is getting a bit ridiculous. In my business, I see a ton of people that will take 20+ years of their income, providing they live very, very frugally, to repay their debts.
Hopefully I am misunderstanding a portion of the bill, or we could be in for a very interesting situation...
Many of the bankruptcies that I have seen have been caused by people that were once earning a higher income that had manageable debt losing their jobs and taking huge pay cuts. Also, medical collections are a large part of these bankruptcies as well. I would have far fewer issues with this if we were first able to take care of the ridiculous cost of health insurance...
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Just in case you were wondering...
Last edited by NoSoup; 04-14-2005 at 12:26 PM..
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