The question is - are they really "helping businesses" and are they helping the average people. What is the real motive of Enron Democrats?
The politics is continuously changing, the present shift of power toward creditors vs little debtors might go too far, resulting either in a reaction harmful toward free enterprise or in return to the Dickensian world. Do you like either?
I don't think there's any doubt that consumers were getting over their heads in debt and that bankruptcy was becoming too common. That's a trend that's not good for anyone.
It might well be that the reason for that trend was the easy credit that all of us can get. Half my mail is credit card offers, and it's obvious to me that credit is being extended to people who don't deserve it. But bankruptcy is an economic loss to more than the banks. Its costs are spread to the rest of us and it's something that had to be addressed.
Did this bill do it properly? I don't know. It's probably somewhere in the middle and has some drawbacks as well as benefits.