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To: atrocitor
Forgiveness is for wealthy Enron executives, and "friends of the government". The common man, who picks up the tab for these guys, gets screwed once more.

Hope you folks enjoy living in the NWO.

47 posted on 04/20/2005 2:24:09 PM PDT by GingisK
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To: GingisK

You are mistaken - they are especially tough on executive misconduct in this new bill ...

http://money.cnn.com/2005/04/13/pf/bankruptcy_bill/

"Tougher homestead exemptions: Currently, if you declare bankruptcy, the state where you file may allow you to protect from creditors some or all of your home equity. In Florida, for instance, your home may be entirely exempt, even if you bought it soon before filing. In Nevada, you may exempt up to $200,000.

The bill, however, places more stringent restrictions on the homestead exemption. For instance, if filers haven't lived in a state for at least two years, they may only take the state exemption of the state where they lived for the majority of the time for the 180 days before the two-year period.

Filers may only exempt up to $125,000, regardless of a state's exemption allowance, if their home was acquired less than 40 months before filing or if the filer has violated securities laws or been found guilty of certain criminal conduct. "

NOTE THE LAST ITEM.


78 posted on 04/20/2005 3:36:29 PM PDT by WOSG (Liberating Iraq - http://freedomstruth.blogspot.com)
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