[Blackirish]

I was in the industry. Actually there were very few people
who ran up credit cards for no reason. Vast majority....

No health insurance...hospital bills.
Divorce
Job loss

[NCLaw441]

You said: I was in the industry. Actually there were very few people
who ran up credit cards for no reason. Vast majority....

No health insurance...hospital bills.
Divorce
Job loss
***
These are valid problems that create liability, but not necessarily valid reasons to incur credit card debt, unless one thinks that he/she can pay back the debt under the terms of the card. Better to have a judgment at the legal interest rate (8% here in NC) than the rates some credit card issuers charge.

[Kokojmudd]

I was in the industry. Actually there were very few people who ran up credit cards for no reason. Vast majority.... No health insurance...hospital bills. Divorce Job loss

I work in the industry and you are 100% correct. This BK bill is a boon for the scam credit counseling companies and lawyers. There will be more bankruptcies filed than before. Leave it to washington to "fix" things.

[A Ruckus of Dogs]

I was in the industry. Actually there were very few people who ran up credit cards for no reason. Vast majority.... No health insurance...hospital bills. Divorce Job loss

Thanks. I've been asking the where-is-the-debt-from question any time credit card debt comes up for discussion.

[STD]

How would divorce be linked to bankruptcy?

[Kieri]

I think "high heating costs" can be added to that list. We just had our propane tank filled and it wasn't pretty. December was very cold here in MI (until a couple of days ago) and I don't want to think of what January and February are going to be like.

BTW: I saw the story where California is banning woodburning fireplaces. I don't know all the details, but I hope the Northeast libs don't get any stupid ideas.