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Revised Bankruptcy System

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6. In April 2005 President Bush signed into law major changes to the bankruptcy system. Please review the following website at http://www.bankruptcyaction.com/bankreform.htm

And post your thoughts below about whether or not you believe this change in the law is a good thing or bad thing for consumers

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This answer provides you an excellent discussion on Revised Bankruptcy System

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THE BANKRUPTCY SYSTEM:

It is a good thing because:
1. Those who have incomes above the median income in the state and have the ability to pay may be required to do so before their debts are wiped ...

Solution provided by:
Hatim Baxamusa, MBA
Education
  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
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