Posted by Todd Zywicki:
Credit/Debt Recovery:
I've been checking out this blog off-and-on for awhile now, and it has
some useful and interesting stuff on credit industry issues. Here's a
[1]nice post by Jeff Michael on whether filing for bankruptcy will be
that much "harder" for most filers after reform, and a useful warning
about the inevitable funny numbers that will pop up when the bill goes
into effect this fall. (Remember that most of the provisions don't go
into effect for 6 months, except for the new anti-abuse provisions
regarding the homestead exemption which will apply immediately).
I liked [2]this post too summarizing the media coverage of the
bankruptcy reform legislation the day it was signed:
President Bush has signed the bankruptcy reform act into law. I'm
not linking to a news article about it, because I can't find one
(I've looked at over 238 articles now) that doesn't approach the
news with a clear bias. All of them use phrases like "...making it
harder for debt-ridden Americans to get relief..." etc. Journalism
as it was taught to me is dead.
References
1. http://credit.typepad.com/credit/2005/04/bankrutpcy_refo.html
2. http://credit.typepad.com/credit/2005/04/bush_signs_bank.html
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