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View Diary: Survey: New bankruptcy law isn't working (22 comments)

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  •  This law is horrible (none)
    The bankruptcy law is horrendous. I agree with you on it. Most people who do end up in bankruptcy are due to the fact they either have lost their jobs, are not earning enough in their present positions due to the cost of living of their cities, they have incurred high medical bills (and having insurance is no guarnatee), they have been unemployed for a long time, or they have been the victim of a massive natural disaster like Katrina. There are compuslive debtors and those who abuse credit cards, but they don't account for most bankruptcies.

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