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Judgments & Bankruptcy

Date: Fri, 08/10/2007 - 09:33

Submitted by anonymous
on Fri, 08/10/2007 - 09:33

Posts: 202330 Credits: [Donate]

Total Replies: 3


After reading through so many posts, I'm now seeing the fallacy of the bankruptcy reform of 2005. This "reform" has obviously done nothing but escalate lawsuits and judgments. Older debts are being sued on faster and with more frequency. CA's know most people are terrified of bankruptcy or now feel it is too hard to file, which is actually not true. Bankruptcy reform is nothing but a windfall profit mechanism for CA's.


It indeed was brought to you by lobbyists for the credit card and banking industries. What most people don't think about is how it is a boom for the required "credit councelors". That's a real joke. Private companies get $50 to $100 a whack to ask you a couple of questions on the phone, as a part of your required "debtors counceling".


lrhall41

Submitted by Law Student on Fri, 08/17/2007 - 18:49

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I am pretty sure when I say this "when you are ready to file bankruptcy you have just gotten to the point where you have no more money and are at the end of your rope". Most collection agencies won't work with you or demand the money today. This is just my personal opinion probably not worth much.

ladybug


lrhall41

Submitted by ladybug on Fri, 08/17/2007 - 21:06

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