Tougher bankruptcy rules coming

Discussion in 'Credit Talk' started by pd11604, Mar 10, 2005.

  1. pd11604

    pd11604 Well-Known Member

    By Associated Press

    Erasing medical bills, credit card charges and other debts in bankruptcy soon will become more difficult under landmark legislation that has vaulted its last major hurdle before Senate passage.

    The legislation gliding toward congressional passage following Tuesday's procedural vote in the Senate would constitute the most sweeping overhaul of U.S. bankruptcy laws in a quarter-century.

    Senate passage this week and likely House approval of that bill next month would deliver to President Bush the second of his pro-business legislative priorities after Republicans fattened their majorities in both chambers in November's elections.
     

Share This Page