Mogul of Pineapples
- Centurion Member
- Posts: 1271
- Joined: Sun Jun 01, 2008 11:32 pm
- Location: Smogland
I also thought Bush made it nearly impossible to qualify for Chapter 7?
We need to reverse whatever changes Bush made to the bankruptcy code. It's a real tool many people end up needing. Being that most bankruptcies arise from things like medical bills and disability and unable to work, I would hardly say bankruptcy is abused. I have never heard someone, not even unscrupulous people, say "I want to get into debt so I can file for bankruptcy and wipe it out." This is not what people do.
From what I've read it sounds like 90% plus of the bankruptcies are totally legitimate from circumstances often outside of the person's control i.e. medical, job loss.
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