Quote:
Originally Posted by BYU71
If it is needed I am all for it. I also know of the situations where someone hides his assets with his wife or someone else and declares bankruptcy. Talk to guys in this state in the construction business and ask them if they have ever gotten nailed by an active LDS person who still has plenty of money but left them all up a creek. They have probably gotten nailed by others too. I know of one instance of a guy who lives up in the high rent district and basically files every 10 years. He is active in the church and everyone accepts he just has some poor business luck. My butt!!!!1
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An issue I have with the new reforms deals with the changes. One of the biggest causes are the proliferation of credit cards. Companies virtually throw them at people who have no business getting a credit card.
So when people used bankruptcy to discharge credit card debt, the banks ran to Congress to relieve the problem the banks had created. Now they're free to exonerate almost with impunity.