Personal Bankruptcy Filings Soar

Now this is a surprise. Why? Didn’t they try to toughen up the bankruptcy procedures because too many people were filing? So they added in the credit counseling mess. That’s turned out well.

Yet we still have record bankruptcies.

But what annoys me most about the reform act is that they started treating unsecured debt as secured debt. That’s a serious no-no.
Read the Article at HuffingtonPost

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