The House approved a bankruptcy reform bill that has already passed the Senate. President Bush said in a statement that he would sign the bill. The reform bill will make filing for bankruptcy more difficult, and it will give creditors more recourse in some instances. This bill applies more to individuals who want to file bankruptcy vs. corporations, but it will have a great effect on corporations because they will able to collect on a larger percent of their accounts. I believe that this could have a large effect the nation’s economy. Do you agree?
Posted by kenny at 4/15/2005 09:30:00 AM