Bankruptcy Reform (requires mind reading or mass and indiscrimate mailing)

U.S. Senate ^ | 02/17/2005 | Chuck Grassley (Sponsor)

[Finger Monkey]

Proposed Bankruptcy Reform requires mind reading, or ability to see into the future . . .

(Sec. 104) Revises procedural guidelines to mandate a written notice to the individual consumer debtor before commencement of a case stating: (1) the types of services available from credit counseling agencies; (2) the criminal penalties for fraudulent concealment of assets; and (3) that all creditor-supplied information is subject to examination by the Attorney General.

[Finger Monkey]

Key words "written notice to the individual consumer before commencement of a case . . ."

Don't forget your foil hats everyone, apparently the government has perfected its mind reading and/or time travel technology.

The bankruptcy court has no jurisdiction over an individual prior to commencement of a case. Man, these G-men, really get off on their beliefs that they are all-powerful. Pah!

[Finger Monkey]

I believe the idiot meant "indiscriminate." My god, they'll let any idiot post on here. Meow. Sniff.

[teenyelliott]

Man, you gotta be in a certain kinda mood to read anything off of thomas. Informative, yes. Exciting, no. And of course the gubmint can read our minds. We're Americans, you see. Evil geniuses by definition can see into the minds of others.

[Finger Monkey]

Ya, me dear, youse doth haveth a pointius. kissy, kissy, little sissy.

[Woodworker]

A very subtle change: "Permits the bankruptcy court to convert a Chapter 7 case to either Chapter 11 or 13 with a debtor's consent. (Current law requires the debtor's request for such a conversion.)"

Makes it easier to pressure some people to convert to Chapter 11 or 13.

This one sounds like "guilty unless proven otherwise"

"Provides that the presumption of abuse may only be rebutted with detailed documentation of special circumstances requiring additional expenses or adjustment of current monthly total income for which there is no reasonable alternative."

This one sounds like the blind leading the blind - Congress tell kids how to manage money:

"Expresses the sense of Congress that States should develop curricula relating to personal finance designed for use in elementary and secondary schools."

Unless you're already living debt free and mean to stay that way, you ought to check out: Dave Ramsey

[Finger Monkey]

Oh, my, I didn't think anybody would really be interested in bankruptcy reform, let alone read the proposed legislation. Wow. Most attorneys, even those who practice in bankruptcy court, turn their faces away when one mentions bankruptcy.

. . . convert . . . with a debtor's consent . . .

quite sinister, I'd say.

Of course, the people intimately associated with the current code, and the administration thereof have been dreading this (proposed amendment)for a long time, increased costs of administration. . . ah, don't get me started.

Dave Ramsey, why does that name sound familiar? I'll have to look him up.

I notice you are in the south, are you familiar with Lundin?

My daddy's a turner.

[Woodworker]

Here's the link to Dave Ramsey's site. I tired to post a url embedded in text, but it didn't exactly work.

http://www.daveramsey.com/

I not familiar with Lundin.

Back in the 1980's I came too close to bankruptcy, but avoided it. People I know well have been in Chapter 13. Finances are something that wasn't taught in school when I was there in the 1950's. Personal finance has been revolutionized by the credit explosion. People have to work to hard to survive that change.