Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: razorback-bert

"Since they are now guarnteed their money by government;"

hogwash. Not so. Chapter 7 bankruptcy is still around. If you have a high income level, however, you will be more likely to be put on a 'repayment plan' and not a straight chapter 7 liquidate and move on.

" will the credit card companies be able to force people into bankrupcy?"

No. Almost all personal bankruptcies are voluntary actions to discharge debts.

"The reform bill will make filing for bankruptcy more difficult,"
http://money.cnn.com/2005/04/13/pf/bankruptcy_bill/


79 posted on 04/20/2005 3:39:51 PM PDT by WOSG (Liberating Iraq - http://freedomstruth.blogspot.com)
[ Post Reply | Private Reply | To 29 | View Replies ]


To: WOSG
Almost all personal bankruptcies are were voluntary actions
101 posted on 04/20/2005 9:39:19 PM PDT by razorback-bert
[ Post Reply | Private Reply | To 79 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson