Saturday, July 16, 2011

What rationale, if any, would be behind this idea?

The recent changes in the bankruptcy laws have made it considerably more difficult for individuals and businesses to receive a Chapter 7 bankruptcy. The new law requires counseling and means testing and disallows persons who earn over the median state income to file for such a bankruptcy. Does this strike you as fair? What rationale, if any, would be behind this idea?

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