1.Click anywhere in the box below & press Control A to select all.Is there going to be a spike in bankruptcy filings?
More than 1 million households would benefit from seeking protection from creditors under a proposed law that would let bankruptcy judges modify mortgage terms, the Congressional Budget Office said.
Read the entire story here:
http://www.bloomberg.com/apps/news?pid=20601103&sid=a9lhi.q6L_wg&refer=us
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2 Comments
Let us wait if the proposed law would be ratified.
I am not sure that bankruptcy should be as easily accessible as it is at the moment. Whatever happend to bankruptcyh being a stigma, which then led to people being more careful. That is not to say that all people are in a financial mess because they caused it, but a large proportion are.
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