Bankruptcy Bill Fades. Why It Won't Go Away
Francis, David R., The Christian Science Monitor
Bankruptcy expert Elizabeth Warren calls it the "vampire bill." That's because legislation designed to make it tougher for people to dissolve their debts in bankruptcy court has been pushed on Congress for seven years by banks, credit-card companies, retailers, and other financial institutions. The bill passes either the House or the Senate, even both houses in 2002. Yet it still dies. Then like the mythical vampire, the bill comes back to life in the following year.
Most bankruptcy lawyers, and Ms. Warren, a Harvard University law professor, wish Congress would put a stake through the heart of the bill. But it's likely to return next year. How come?
"There is …
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Publication information: Article title: Bankruptcy Bill Fades. Why It Won't Go Away. Contributors: Francis, David R. - Author. Newspaper title: The Christian Science Monitor. Publication date: July 19, 2004. Page number: 17. © 2009 The Christian Science Publishing Society. Provided by ProQuest LLC. All Rights Reserved.
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