Bankruptcy Laws: The Irony

Photo by Michael Mulligan
Photo by Michael Mulligan

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott

Congress passed the new bankruptcy law, BAPCPA (“Bankruptcy Abuse Prevention and Consumer Protection Act”) in 2005.   The irony has been that  while our “representatives” have made it more cumbersome for their consumer constituents to obtain bankruptcy relief, they have continued to borrow money at a record pace.  This video clip was just too good for me to not to post.  I hope you enjoy it.

Related posts:

  1. Credit Card Reform is No Joking Matter! (Or is It?)
  2. Why so Much Bankruptcy? Why the Great Recession?
  3. What Happens to My House if I File Bankruptcy? (O’Keefe Post I)

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