This shouldn’t come as much surprise:
http://globaleconomicanalysis.blogspot.com/2008/04/bankruptcies
The article cites how the BAPCPA might actually not work.
It’s something to think about.
The article has a lot of great commentary and it brings up a very good point:
What if people just can’t pay their bills? How much of a means test has to be done then?
Collecting blood from a stone is probably pretty hard.
Even in 2008!
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One Comment
How do the banks get away with the BOE or FSA not telling them to reduce the cost of credit cards its at an all time high and crippelling many people.
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