Quote:
Originally posted by sgtclub
I'm not sure I can answer this because I haven't read the bill and don't know its contents. I was only responding to the personal responsibility part. I assume the bill makes it harder to file? How so?
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It places limits on who can file for chapter 7. If you have the ability to pay a certain amount over time, you are forced to file a ch. 13. It also makes more debt non-dischargeable in other ways. Incidentally, it does nothing to limit the ability of corporations to file for a ch. 11 reorganization, screw their shareholders, pensioners, and employees, then walk out of court with a nice clean balance sheet.
