My problem with this law is that the government got involved again. I am going to be affected by it. The mimimum payments are authorized to go up. We can make our payments now and add a little extra and pay off one at a time. Now, the minimums can double and we won't be able to make payments and will be forced to go bankrupt, if that is even possible under this law. So much for paying off one's obligations.
EXACTLY - that is the death knell right there.
Almost impossible to declare bankruptcy, minimum payments went up, natural gas expenses have eaten into many folks' grocery budgets, gasoline prices the same, trickle down makes everything ELSE expensive. . . tell me this isn't the perfect way to screw Middle America.