Excellent.
This is good.
I am all for personal responsibility but this soon to be law is for special interest only. Did you know Attorneys will be liable for any undisclosed assets of the filer. <p.
Have you once thought why this law is being passed. Credit Card companies are not going out of business. CC companies earn large profits even with the bad debts. Historic low interest rates and still many with effective rates exceeding 25%. I only stating facts so don't start calling me a liberal. The government has not business protecting the free market with special interest laws.
You said it RIGHT, I agree.
It is my thought that when Enron went under more money was written off than U.S. citizens would personally write off in fifty years.
When the Savings and Loan debachle came down the pike, the same thing happened.
Thank God personal bankruptcy laws have been addressed. That's where the problem was.
Oui vey...