The long legislative fight over bankruptcy reform legislation appears to be coming to a close, as this Washington Post article reports.
If you want to understand why this is poorly-conceived legislation that is a perfect example of Republican legislators indulging the narrow self-interest of certain business interests, then read this.
Although not perfect, America’s Bankruptcy Code and system is the best in the world, which is one of the reasons that it is often emulated. Making that system more expensive and difficult for individuals is contrary to the public policy of the fresh start and the promotion of risk taking that are the foundation of our insolvency laws.
Houston's Clear Thinkers
Longtime Houston attorney Tom Kirkendall's observations on developments in law, business, medicine, culture, sports, and other matters of general interest to the Houston business, professional, and academic communities.
Bankrupt
All I can say as the odious bankruptcy bill, also known as Everything The Financial Services Industry Ever Wanted In…
TELL CONGRESS TO SAFEGUARD BANKRUPTCY PROTECTION FOR FAMILIES!
Congress will soon vote on the Bankruptcy Abuse Prevention and Consumer Protection Act (S. 256/H.R. 685). This bill is a misguided attempt to “reform” the rules governing bankruptcy in America that would make it harder for families suffering from job loss, divorce or medical catastrophes to start over, save for retirement and meet future emergencies.
For more information or to register your opinion with your congressperson:
http://hq.demaction.org/dia/organizations/movingideas/campaign.jsp?campaign_KEY=403