[Greeklawyer]

I believe this bill crosses if not get right to the boarder of indentured servitude. The debtor becomes indentured to the creditor based on a meanse test.

The old bankruptcy act, followed by the bankruptcy code(s) were born out of the historic elimination of debtor's prisons.

I see this as MBNA desperatly trying to cover their own enron type of implosion based on their own creative accounting practices and write offs.

[Nuke'm Glowing]

"I believe this bill crosses if not get right to the boarder of indentured servitude."

Correct. It's ok if the big guy screws the little one, but now that they have over-extended credit to too many individuals, they don't want the defaults any more. They want to down right own their lives. I smell a Tea Party coming on if this passes and is enforced into law.

[A. Pole]

The old bankruptcy act, followed by the bankruptcy code(s) were born out of the historic elimination of debtor's prisons.

Hopefuly in the next step we will be able to restore debtor's prisons. Return to the Golden Age of free market will be good for the literature. And this is the real objective.