Miss Sunshine, very good question!
Since no one has replied, I will!
Having also filed bankruptcy a few years back, I do feel that this is more to protect creditors than it is to relieve debtors. To me it sounds like this new bankruptcy reform will be tantamount to "legal Consumer Credit Counseling". While I want to read the details on this new reform, I don't know the specifics of it just yet, though I know about the bills Congress was/just now passed a few years back.
As far as credit card companies, etc., it should be illegal for them to solicit credit cards by doing unsolicited credit checks. This should include going to colleges and setting up booths, etc. I say, if you give credit to immature adults, you should understand the costs involved. Besides, the high APR and interest offsets the losses on credit card debt anyway.
AFAIC, aside from my mortgage and student loans (undischargable), and the fact that I can't file again for another 3 years, I have no real debt, and therefore no real reason to file.
I'm rambling. My .25 cents
RM
|