Friday, April 15, 2005

Bankruptcy Reform bill clears House

Omaha world herald (registration required) reports that Bankruptcy Reform has cleared the House. President will sign any day now. Massive amendments are incorporated into the current code in earlier post (March 28, 2005). I think a lot depends on how aggressively creditors and trustees across the country will enforce the new laws before everyone concludes that this will completely staunch the flood of bankruptcy filings.

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