[Fish Hunter]

I think the banks know the number of bankruptcies is going to skyrocket in the next few years with the rising interest rates. They are rushing in this law to Cover Their *sses. The net result is a significant % of the population is going to get enslaved, and there is nothing we can do about it ...

Kinda shows you who is really running the country ...

F H

[longtermmemmory]

Actually it just says that you need to read the exemption statutes VERY carefully when deciding how to sock away your money.

In FL for example, NEVER pull a second mortgage for a line of credit. DO put you monies in 401k's, IRAs, and Retirement anuities which are UNTOUCHABLE by any bankruptcy.

It just means the means test will be gamed in order to do whatever you want anyways.