Ronald J. Cappuccio, J.D., LL.M. (Tax)

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Congress Passes Credit Industry’s Bankruptcy Bill

| Apr 18, 2005 | Uncategorized

Credit Card Companies and abusive lenders such as rental centers got their wish; a new anti-consumer Bankruptcy Bill. Congress passed a bill forcing debtors to repay debts instead of getting them discharged. The bill also adds provisions requiring lawyers for debtors to independently investigate and certify the values of the debtor’s assets. This will greatly increase the legal fees and costs for those least able to afford it. For the full article, click here.

see: http://www.TaxEsq.com

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