Bankruptcy bill on its way to president
In an article titled "Tough bankruptcy law passes congress" it says that a law with tougher restrictions on those who file bankruptcy passed the house today by a vote of 302-126. This same bill passed the senate 74-25 early this year. The president says that he is earger to sign this bill into law. The bill will force those with income high enough to file Chapter 13 instead of chapter 7 . Chapter 13 makes those that file bankruptcy repay their debts where Chapter 7 allows complete debt releif.
Posted by Bart at 4/14/2005 07:38:00 PM